Stockwinners Market Radar for September 27, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ESALY BIIB | Hot Stocks20:29 EDT Eisai, Biogen announce rolling FDA submission for lecanemab in early AD patients - Eisai (ESALY) and Biogen (BIIB) announced that Eisai has initiated a rolling submission to the U.S. Food and Drug Administration FDA of a Biologics License Application for lecanemab, or BAN2401, the company's investigational anti-amyloid beta protofibril antibody, for the treatment of early Alzheimer's disease. The BLA is being submitted under the accelerated approval pathway and is primarily based on clinical, biomarker and safety data from the Phase 2b clinical trial in people with early AD and confirmed amyloid pathology. The lecanemab Phase 2b trial results demonstrated a high degree of Abeta plaque lowering and consistent reduction of clinical decline across several clinical endpoints. The correlation between the extent of Abeta plaque reduction and effect on clinical endpoints in Study 201 further supports Abeta as a surrogate endpoint that is reasonably likely to predict clinical benefit. In June 2021, lecanemab was granted Breakthrough Therapy designation, which is an FDA program intended to expedite the development and review of medicines for serious or life threating conditions. Eisai has an agreement with the FDA to submit the BLA for lecanemab as a rolling submission. This agreement allows completed portions of the application to be submitted to the FDA for review on an ongoing basis.
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NOV | Hot Stocks20:04 EDT NOV Inc. announces retirement of Chief Accounting Officer - NOV announced Scott Duff Vice President, Corporate Controller and Chief Accounting Officer, notified the company of his intention to retire. Mr. Duff will step down from his current role effective November 1, 2021 and remain employed as an advisor until his retirement on February 28, 2022. Christy Novak will succeed Mr. Duff as Vice President, Corporate Controller and Chief Accounting Officer effective November 1, 2021.
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ATVI | Hot Stocks19:04 EDT Activision Blizzard reaches agreement with EEOC to settle discrimination claims - Activision Blizzard confirmed that, as part of its effort to have the most welcoming, inclusive workplace, it has reached an agreement with the U.S. Equal Employment Opportunity Commission to settle claims and to further strengthen policies and programs to prevent harassment and discrimination in the company's workplace. Under the agreement, the principal terms of which are summarized in Attachment A to this press release, Activision Blizzard has committed to create an $18M fund to compensate and make amends to eligible claimants. Any amounts not used for claimants will be divided between charities that advance women in the video game industry or promote awareness around harassment and gender equality issues as well as company diversity, equity, and inclusion initiatives, as approved by the EEOC. The agreement is subject to court approval. The company also announced an initiative to develop software tools and training programs to improve workplace policies and practices for employers across the technology industry. Commenting on the agreement, Activision Blizzard CEO Bobby Kotick said: "There is no place anywhere at our company for discrimination, harassment, or unequal treatment of any kind, and I am grateful to the employees who bravely shared their experiences. I am sorry that anyone had to experience inappropriate conduct, and I remain unwavering in my commitment to make Activision Blizzard one of the world's most inclusive, respected, and respectful workplaces." Kotick added: "We will continue to be vigilant in our commitment to the elimination of harassment and discrimination in the workplace. We thank the EEOC for its constructive engagement as we work to fulfill our commitments to eradicate inappropriate conduct in the workplace."
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F | Hot Stocks19:03 EDT Ford to build two new campuses in Tennessee, Kentucky in EV push - Ford announced plans to bring electric vehicles at scale to American customers with two new massive campuses in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles. Ford plans to make the largest ever U.S. investment in electric vehicles at one time by any automotive manufacturer and, together with its partner, SK Innovation, plans to invest $11.4B and create nearly 11,000 new jobs at the Tennessee and Kentucky mega-sites, strengthening local communities and building on Ford's position as America's leading employer of hourly autoworkers. An all-new $5.6B mega campus in Stanton, Tenn., called Blue Oval City, will create approximately 6,000 new jobs and reimagine how vehicles and batteries are manufactured, the company said. In central Kentucky, Ford plans to build a dedicated battery manufacturing complex with SK Innovation - the $5.8B BlueOvalSK Battery Park - creating 5,000 jobs. Twin battery plants on the site are intended to supply Ford's North American assembly plants with locally assembled batteries for powering next-generation electric Ford and Lincoln vehicles. Investments in the new Tennessee and Kentucky battery plants are planned to be made via BlueOvalSK, a new joint venture to be formed by Ford and SK Innovation, subject to definitive agreements, regulatory approvals and other conditions. In addition, Ford is investing $90M in Texas alone as part of a $525M total investment across the U.S. during the next five years to transform America's auto technician industry. The investment will go toward job training and career readiness initiatives for the current and next generation of technicians. These programs aim to develop highly skilled technicians and will support Ford's growing portfolio of connected electric vehicles.
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HUN | Hot Stocks18:42 EDT Huntsman discloses 8.4% activist stake by Starboard Value - In a regulator 13D fling, Starboard Value disclosed a 8.4% activist stake in Huntsman, which represents over 18.6M shares. The filing does allow for activism.
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UNP | Hot Stocks18:26 EDT Union Pacific CEO: Labor shortages, supply chain issues are transitory - In an interview on CNBC's Mad Money, Lance Fritz said the country needs to get the Delta variant under control to alleviate supply chain problems. Union Pacific needs to focus on labor at both the last mile and first mile, he added. Fritz expects vacant jobs to be filled over time. "Intermodal is important to us. West coast ports are never a liability," he noted. Fritz added that the company is generating strong numbers despite the current supply chain issues.
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GLD | Hot Stocks18:12 EDT SPDR Gold Shares holdings fall from 993.52MT to 990.32MT - This is the lowest level of holdings since April of 2020.
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AI | Hot Stocks17:46 EDT C3.ai director House sells 46,000 class A shares - In a regulatory filing, C3.ai director Patricia House disclosed the sale of 46,000 class A common shares of the company on September 23 at a price of $49.50 per share.
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RYCEY | Hot Stocks17:26 EDT Rolls-Royce awarded $105.6M Navy contract modification - Rolls-Royce was awarded a $105.6M modification to a previously awarded, firm-fixed-price, indefinite-delivery requirements contract. This modification increases scope and provides intermediate and depot level maintenance, logistics and engineering support for 216 in-service T-45 F405-RR-401 Adour engines. Work is expected to be completed in March 2022. No funds will be obligated at time of award; funds will be issued against individual orders as they are issued. The Naval Air Systems Command is the contracting activity.
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RTX | Hot Stocks17:24 EDT Raytheon Technologies awarded $138.96M Navy contract - Raytheon was awarded a not-to-exceed $138.96M firm-fixed-price, indefinite-delivery/indefinite-quality contract for the repair/overhaul, upgrades, procurement and mini-stock point support for components in support of the Close-In Weapon System program. The contract will include a three-year base period with no options. All work will be performed in Louisville, Kentucky, and work is expected to be completed by September 2024. Annual working capital funds in the amount of $44.2M will be issued for a delivery order that will be awarded concurrently with the contract and will initially be obligated at the time of award as an undefinitized contract action. Funds will not expire at the end of the current fiscal year. One company was solicited for this non-competitive requirement pursuant to the authority set forth in 10 U.S. Code 2304, with one offer received. Naval Supply Systems Command Weapon Systems Support is the contracting activity.
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BA | Hot Stocks17:22 EDT Bell Boeing was awarded $214.39M Navy fee order - Bell Boeing was awarded a $214.39M cost-plus-incentive-fee order against a previously issued basic ordering agreement. This order provides for the redesign and development of the V-22 Flight Control System, to include the flight control computer, cockpit interface unit and associated test equipment due to functional obsolescence, cybersecurity initiatives, and diminishing manufacturing sources and material shortages. Work is expected to be completed in June 2026. FY21 research, development, test and evaluation funds in the amount of $26.97M and FY21 research, development, test and evaluation funds in the amount of $3.92M will be obligated at the time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command is the contracting activity.
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BA | Hot Stocks17:20 EDT Boeing awarded $756.63M Navy contract modification - Boeing was awarded a $756.63M fixed-price-incentive-fee modification to a previously awarded contract. This modification exercises an option for the production and delivery of five Lot 12 P-8A aircraft for the government of Germany. Work is expected to be completed in February 2025. Foreign Military Sales funds in the amount of $756.63M will be obligated at time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command is the contracting activity.
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BA | Hot Stocks17:18 EDT Boeing awarded $3.46B Air Force contract - Boeing has been awarded a $3.46B firm-fixed-price, fixed-price incentive, cost-plus-incentive-fee, cost-plus-fixed-fee, cost reimbursement-no fee and time-and-material, indefinite-delivery/indefinite-quantity contract for the C-17 Globemaster III Sustainment Program. The period of performance is nine years and eight months, consisting of three 12-month ordering periods, two 37-month options, and the six-month option to extend services, for a total maximum value of $23.76B.This contract will provide support and sustainment services to the government product support manager/product support integrator for the C-17 weapon system. Support includes, but is not limited to: program management; sustaining logistics; material and equipment management; sustaining engineering; quality assurance; depot level aircraft maintenance and modifications; F117 propulsion system management; long-term sustainment planning; field services, unique foreign military customer services and Air Logistics Center partnering support for the worldwide fleet of the C-17 aircraft. Work will be performed in multiple domestic and international locations and is expected to be completed by May 30, 2031, if all options are exercised. The contract involves Foreign Military Sales, or FMS, to the United Kingdom, Australia, Canada, NATO Airlift Management Program Office, India, Kuwait, United Arab Emirates and Qatar. This award is the result of a sole source acquisition. No-year FMS funds in the amount of $5M are being obligated at the time of award. There is known congressional interest pertaining to this acquisition. Air Force Life Cycle Management Center is the contracting activity.
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EDR... | Hot Stocks17:17 EDT Shares of Endeavor Group jump after saying it is acquiring OpenBet - Shares of Endeavor Group (EDR) are up almost 7% or $1.79 per share to $29.20 on Monday in after market trading following the announcement the company had entered into an agreement to acquire OpenBet, a leading content, platform and service provider to the sports betting industry, from Scientific Games Corporation (SGMS) for $1.2B paid through a combination of $1B in cash and $200M in Endeavor's Class A common stock. The transaction is expected to close in the second quarter of 2022, subject to regulatory consents and approvals, and customary closing conditions. Other companies in the sports betting space include Flutter Entertainment (PDYP), Penn National (PENN) and DraftKings (DKNG.)
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AL ALK | Hot Stocks17:06 EDT Alaska Air delivers one new Boeing 737-9 aircraft to Alaska Airlines - Air Lease (AL) "announced the delivery of one new Boeing 737-9 aircraft on long-term lease to Alaska Airlines (ALK). Featuring CFM International LEAP -1B engines, this is the first of 13 new 737-9 aircraft confirmed to deliver to the airline as announced in November 2020 from ALC's orderbook with Boeing. This new 737-9 from ALC joins six 737-9s currently flying in Alaska Airlines' fleet."
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AVGO | Hot Stocks17:03 EDT Broadcom director Hartenstein sells almost $2.3M in company shares - Broadcom director Eddy Hartenstein disclosed in a filing that he had sold 4,517 shares of company stock at $504.92 per share on September 23, for a total transaction amount of $2,280,704.
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ADBE | Hot Stocks17:00 EDT Adobe CEO sells $24.8M in common stock - In a regulatory filing, Adobe disclosed that its CEO Shantanu Narayen sold 40K shares of common stock on September 24th in a total transaction size of $24.8M, reducing his stake by about 11%.
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UDR | Hot Stocks16:57 EDT UDR CEO Toomey sells 30,000 common shares - In a regulatory filing, UDR chairman and CEO Thomas Toomey disclosed the sale of 30,000 common shares of the company on September 23 at a price of $54.4489 per share.
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SGMS | Hot Stocks16:55 EDT Scientific Games trading resumes
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ETD | Hot Stocks16:54 EDT Ethan Allen to expand manufacturing production in Vermont, raises wages - Ethan Allen Interiors reaffirmed its commitment to maintain and grow its North American workshops where customization helps create relevant and quality products. To further this commitment, Ethan Allen is actively recruiting new employees for its manufacturing operations in both Beecher Falls and Orleans, Vermont despite escalating manufacturing costs. As part of its strategy to attract and retain strong talent, the company recently increased its starting wage to $16.00 an hour as well as provided increases for those more experienced associates.
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HUN | Hot Stocks16:54 EDT Huntsman jumps about 4% following WSJ report on Starboard stake - Shares of Huntsman are up just over 4% at $29.21 per share after The Wall Street Journal reported that Starboard has accumulated a stake of over 8%.
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SWCH | Hot Stocks16:44 EDT Switch Chairman Rob Roy sells $353K in company shares - Switch Chairman Rob Roy disclosed in a filing that he had sold 13,497 shares of company stock at $26.15 per share, on September 23, for a total transaction amount of $352,998.
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MMX | Hot Stocks16:36 EDT Maverix Metals to acquire gold stream from Aurament in deal valued at $50M - Maverix Metals announced it has reached an agreement with Auramet Capital Partners, L.P., an affiliate of Auramet International LLC, to acquire a gold stream and enter a long-term strategic partnership. Maverix will make a cash payment equal to $50M to acquire a gold stream that will deliver 5,000 ounces of gold to Maverix per year. The gold stream shall be delivered quarterly and Maverix will make ongoing cash payments equal to 16% of the spot gold price for each gold ounce delivered. After a total of 50,000 ounces of gold have been delivered to the stream, Auramet shall have the option to terminate the stream for a cash payment of $5M less certain cash flows related to the stream. The stream is structured in Canada and has certain security provisions. In addition to the gold stream, Maverix will be entitled to receive an amount in gold that is equivalent to all dividends distributed by Auramet on 2% of its shares outstanding, which is done semi-annually. In fiscal year 2020, Auramet paid out $35M in dividends to its shareholders. Auramet expects to use the proceeds of the transaction to make further investments in the mining sector, including acquiring small royalties and streams, as well as for general corporate purposes. For the duration of the gold stream, Maverix will have a right of first refusal to purchase any royalties or streams that Auramet decides to sell from their current portfolio or acquires in the future. Furthermore, Maverix will have the right to participate in any royalty or stream that Auramet may acquire in the future where the transaction value is equal to or greater than $20M.
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GILD | Hot Stocks16:36 EDT Gilead announces Health Canada approval of Trodelvy - Gilead Sciences announced that Health Canada has approved Trodelvy for the treatment of adult patients with unresectable locally advanced or metastatic triple-negative breast cancer who have received two or more prior therapies, at least one of them for metastatic disease. Canada joins Australia, Great Britain, Switzerland, and the United States among the countries that have approved Trodelvy for use under Project Orbis. Project Orbis is an initiative of the U.S. FDA Oncology Center of Excellence with international regulatory authorities as a global collaborative review program for high impact oncology marketing applications across participating countries.
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SHLX | Hot Stocks16:36 EDT Shell Midstream says Hurricane Ida to impact Q3 net income by $45M to $55M - Shell Midstream Partners announced that it expects outages and repairs related to Hurricane Ida to have an impact to both net income and cash available for distribution of approximately $45 to $55M for the third quarter of 2021 and $20 to $30M for the fourth quarter of 2021. The majority of the impact is related to the previously disclosed downtime across various pipeline assets, as well as remediation costs related to the Partnership's assets in the Gulf of Mexico and onshore in southeastern Louisiana.
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IIPR | Hot Stocks16:34 EDT Innovative Industrial Properties acquires 92.3 acres in New York for $10.23M - Innovative Industrial Properties announced that it is extending its long-term real estate relationship with Goodness Growth with the acquisition of approximately 92.3 acres in New York adjacent to one of IIP's properties leased to Goodness Growth, where IIP and Goodness Growth will partner on the development of 324,000 square feet of industrial space. The purchase price for the land was approximately $10.23M. Concurrent with the closing of the land purchase, IIP amended its existing lease at the adjacent property to incorporate this new project, and Goodness Growth intends to operate the consolidated property as a licensed cannabis cultivation and processing facility upon completion of development. IIP is expected to provide reimbursement to Goodness Growth for the construction of the new building of up to approximately $46.1M. Including this transaction, IIP leases two properties to Goodness Growth, representing approximately 453,000 square feet of industrial and greenhouse space and a total commitment of approximately $72.8M.
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PFE | Hot Stocks16:32 EDT Pfizer begins study of mRNA-based next generation flu vaccine program - Pfizer announced that the first participants have been dosed in a Phase 1 clinical trial to evaluate the safety, tolerability, and immunogenicity of a single dose quadrivalent mRNA vaccine against influenza in healthy adults. Pfizer's mRNA influenza vaccine program is the first in a planned wave of programs leveraging mRNA technology for influenza. Beyond influenza, the company plans to explore mRNA in other respiratory viruses, including medically appropriate vaccines combinations that could provide protection against more than one respiratory virus, as well as expand to develop mRNA technology in oncology, and genetic diseases.
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NTUS | Hot Stocks16:31 EDT Natus Medical awarded five-year DLA contract - Natus Medical Incorporated announced the award of a 5-year contract to include Natus Patient Monitoring and Capital Equipment in the electronic catalog. The PMCE contract is pre-established and pre-vetted by the Defense Logistics Agency as a source for medical equipment and acts as a preferred purchasing source for United States government healthcare systems. ECAT, as an on-line ordering, distribution and payment solution facilitates over $1B in purchase activity annually. The PMCE contract and ECAT integration will now provide easier access for the Department of Defense and Veterans Affairs health systems to purchase many products across the Natus portfolio, including neurodiagnostic, audiology and newborn care equipment and supplies. The initial 5-year contract term also includes an additional 5-year extension option. "We are excited to achieve this important milestone," says Jonathan Kennedy, Natus CEO. "This agreement and Natus inclusion in the electronic catalog solution will dramatically improve the transaction process, making it easier for us to partner with government healthcare systems and provide our innovative solutions to the United States veteran and active-duty military patients in need."
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EDR SGMS | Hot Stocks16:27 EDT Endeavor Group to buy OpenBet from Scientific Games for $1.2B in cash and stock - Endeavor Group (EDR) has entered into an agreement to acquire OpenBet, a leading content, platform and service provider to the sports betting industry, from Scientific Games Corporation (SGMS) for $1.2B paid through a combination of $1B in cash and $200M in Endeavor's Class A common stock. The transaction is expected to close in the second quarter of 2022, subject to regulatory consents and approvals, and customary closing conditions.
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CAH | Hot Stocks16:24 EDT Cardinal Health Canada announces COVID-19 vaccine policy for employees - Cardinal Health Canada announced an employee vaccination requirement policy as part of its ongoing efforts to safeguard employees, customers and the Canadian Healthcare system against COVID-19. With recent and pending provincial government directives and customer protocols in Canada, Cardinal Health Canada is committed to a goal of having all employees vaccinated against COVID-19 by January 2022. This vaccination policy and commitment to safety extends to prospective new employees-regardless of role or location. "Vaccination is the most effective defense to reduce the risk of COVID-19 and to protect broader public health," says Russell Schuster, President, Cardinal Health Canada. "We felt strongly this was not only the right decision to make for the safety of our employees, but to stand in solidarity with our healthcare customers and as a responsible employer in Canada."
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ACB | Hot Stocks16:21 EDT Aurora Cannabis reports Q4 medial cannabis net revenue C$35.0M, up 9% y/y - Reports Q4 consumer cannabis net revenue C$19.5M, down 45% from last year.
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CNXC | Hot Stocks16:20 EDT Concentrix declares quarterly dividend of 25c per share - The dividend will be payable in cash on November 2 to shareholders of record at the close of business on October 22.
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CNXC | Hot Stocks16:19 EDT Concentrix announces $500M share repurchase program - The repurchase program has no termination date and may be suspended or discontinued at any time.
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SRE | Hot Stocks16:17 EDT Sempra Energy subsidiary to pay $1.1B facility leak settlement - Southern California Gas, a subsidiary of Sempra Energy, announced agreements that are expected to resolve substantially all material civil litigation against SoCalGas related to the 2015 Aliso Canyon natural gas storage facility leak. As a result of the agreements, SoCalGas will record an after-tax charge of approximately $1.1B this month. Settlement costs will not be borne by ratepayers. The first agreement is subject to obtaining roughly 97% participation among approximately 36,000 individual plaintiffs and court approval of the settlement allocation process, among other conditions. The second and third agreements involve settlement with a class estimated to include at least 23,000 properties and the dismissal of the named plaintiffs in a putative business class action, both of which are subject to court approval.
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AX | Hot Stocks16:16 EDT Axos Financial names Derrick Walsh as CFO, succeeding Andrew Micheletti - Axos Financial announced that the Board of Directors of Axos has appointed Derrick Walsh as Executive Vice President, CFO of Axos, effective September 23. Walsh joined Axos in 2013 and has served as Senior Vice President and Chief Accounting Officer of Axos since 2015 and will continue to retain principal accounting officer responsibilities for Axos. He succeeds Andrew Micheletti who will continue with Axos as Executive Vice President, Finance, performing various strategic and investor relations initiatives.
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SGMS | Hot Stocks16:14 EDT Scientific Games trading halted, news pending
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SRE | Hot Stocks16:13 EDT SoCalGas announces agreements to resolve Aliso Canyon litigation - Sempra Energy's SoCalGas announced agreements that are expected to resolve substantially all material civil litigation against SoCalGas and Sempra related to the 2015 Aliso Canyon natural gas storage facility leak. As a result of the agreements, SoCalGas will record an after-tax charge of approximately $1.1B this month, which will be consolidated in Sempra's third-quarter results. The net, after-tax cash outflows for SoCalGas are expected to ultimately be up to approximately $895M, after taking into consideration the remaining insurance receivable and other adjustments. The agreements to resolve the referenced claims are subject to obtaining certain minimum participation levels among the plaintiffs and court approval of the settlement allocation process, among other conditions.
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SRE KKR | Hot Stocks16:13 EDT Sempra to close sale of 20% Sempra Infrastructure stake to KKR on Oct 1 - Sempra (SRE) said that, through a series of transactions announced last year, Sempra is forming Sempra Infrastructure, a strategic growth platform that is expected to increase shareholder value by consolidating Sempra's energy infrastructure businesses. The new platform will consist of the company's liquefied natural gas business and its ownership interest in IEnova and will invest in incremental capital opportunities associated with non-utility transmission and distribution infrastructure. As a next step, Sempra has met all material closing conditions and is scheduled to complete the sale of a non-controlling, 20% interest in Sempra Infrastructure to KKR (KKR) on Oct. 1. Proceeds from the sale are expected to be used to, among other things, help fund growth across Sempra's capital program, which is centered on its U.S. utilities, and to further strengthen its balance sheet.
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EBC CNBKA | Hot Stocks16:11 EDT Eastern Bankshares, Century Bancorp get regulatory approval to merge - Eastern Bankshares (EBC) and Century Bancorp (CNBKA) jointly announced they have received the necessary regulatory approvals from the Commonwealth of Massachusetts Division of Banks, the Federal Deposit Insurance Corporation, and the Board of Governors of the Federal Reserve System to complete their proposed merger. The Merger is expected to close in mid Q4 of 2021.
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HON | Hot Stocks16:10 EDT Honeywell acquires Performix Inc., terms not disclosed - Honeywell announced it has acquired privately held Performix Inc., a provider of manufacturing execution system software for the pharmaceutical manufacturing and biotech industries. Performix Inc. is headquartered in Houston, with additional offices in India. The company serves some of the world's leading pharmaceutical and biotech companies. Performix's senior leadership team is expected to join Honeywell. Terms of the deal were not disclosed and there is no change to Honeywell's financial outlook as a result of the acquisition.
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PRTK | Hot Stocks16:10 EDT Paratek Pharmaceuticals receives additional BARDA funding for Project BioShield - Paratek Pharmaceuticals announced that the Biomedical Advanced Research and Development Authority, or BARDA, part of the Office of the Assistant Secretary for Preparedness and Response at the U.S. Department of Health and Human Services, has awarded an option under the company's Project BioShield contract. This option provides additional funding to continue the development of Nuzyra under a FDA Animal Efficacy Rule development program to support a supplemental new drug application, or sNDA, to the FDA for post-exposure prophylaxis and treatment of pulmonary anthrax. The additional studies supported by this option increase the value of the BARDA contract by approximately $19M.
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ICFI | Hot Stocks16:09 EDT ICF International awarded $30M contract from BART - The San Francisco Bay Area Rapid Transit District recently awarded leading global consulting and digital services provider ICF a new contract with a ceiling of $30M to provide environmental services to support a major infrastructure expansion to its passenger rail network. The new LINK21 program will provide equitable and comprehensive improvements to connect urban and intercity rail throughout the 21-county Northern California Megaregion to create a more efficient, affordable and sustainable passenger rail network. ICF has pulled together a team of 25 partners, including 13 disadvantaged business enterprises, to support Phase 1 of the project from 2022-2024, which encompasses program development, environmental strategy, resource inventory, constraints and opportunities assessment, and alternatives evaluation. The contract also includes an up to $140M multiyear option to extend the work through Phase 2, which includes the environmental review and permitting phase of project implementation.
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SPNE | Hot Stocks16:09 EDT SeaSpine receives CE Mark for 7D Flash Navigation System module - SeaSpine announced it received simultaneous CE Mark certification for its Cranial Module and Percutaneous Spine Module for the 7D Flash Navigation System. This achievement expands the applications and functionality of the Flash Navigation System for cranial surgery and minimally invasive spine surgery for the European market and additional global regions.
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SHBI SVBI | Hot Stocks16:08 EDT Shore Bancshares approved for acquisition of Severn Bancorp, Inc. - Shore Bancshares (SHBI) announced that it has received regulatory approval from the Office of the Comptroller of the Currency to convert Shore United Bank to a national bank and, for Severn Savings Bank, FSB to be merged with and into Shore United Bank, National Association on the terms and subject to the conditions of the Agreement and Plan of Merger, dated as of March 3, 2021, by and between the company and Severn Bancorp, Inc. (SVBI). The company previously disclosed in its Registration Statement on Form S-4, as amended and filed with the SEC on September 10, 2021, that the company had received regulatory approval from the Federal Reserve Bank of Richmond for Severn to be merged with and into the company. The consummation of the transaction remains subject to the approval by Severn's shareholders of the merger, the approval by the company's shareholders of the merger and the issuance of shares of the company's common stock to the holders of Severn common stock in connection with the merger, and the satisfaction of other closing conditions. The company expects that the Severn acquisition will close in the fourth quarter.
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FEIM | Hot Stocks16:07 EDT Frequency Electronics announces contract from U.S. Office of Naval Research - Frequency Electronics announces the award of a contract by the Office of Naval Research to develop the pulsed optically-pumped rubidium atomic Frequency standard.frequency electronics was awarded a contract to develop the Pulsed Optically-Pumped Rubidium Atomic Frequency Standard, POPRAFS, for US Government applications on September 23. Total potential contract value, if all options are exercised, is approximately $17.75M. The base period of performance is two years, with two option periods of two years and one year, respectively.FEI CEO Stan Sloane commented, "We could not be more pleased to have received this contract award. The POPRAFS technology is a game changer for atomic clocks and will result in a significant improvement in capability over currently available products. POPRAFS is a very high performance, high stability atomic clock and will offer substantially better accuracy and holdover for critical government and other applications that demand that level of performance. This award will further broaden our product portfolio to address the terrestrial, space, and commercial markets."
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ZIOP | Hot Stocks16:07 EDT Ziopharm announces elimination of 60 positions in TCR program restructuring - Ziopharm announced a restructuring enabling the company to advance its TCR program. Approximately 60 positions have been eliminated. The company expects the changes will extend the cash runway into the first half of 2023. The company also announced the first patient in its TCR-T Library Phase I/II clinical trial is expected to be dosed in the first half of 2022 after experiencing unforeseen delays caused by inadequate resources at its contract manufacturer. The company is continuing to invest in its own manufacturing capabilities to accelerate patient dosing and is committed to having internal manufacturing capabilities operational in the first half of 2022 to support the first patient dosing.
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GFF | Hot Stocks16:06 EDT Griffon to explore strategic alternatives for Telephonics subsidiary - Griffon announced that its board has authorized a review of strategic alternatives for Griffon's subsidiary Telephonics Corporation.
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PING | Hot Stocks16:06 EDT Ping Identity acquires Singular Key, terms not disclosed - Ping Identity Holding has acquired Singular Key, a player in no-code identity and security orchestration. Singular Key streamlines the integration of identity services, providing a no-code method of creating workflows across multiple identity technologies and platforms, including identity verification, fraud, risk, access management, privileged access, and identity governance into a unified identity fabric. "Identity security is often complicated by a tangled mess of poorly integrated cloud, legacy software and API services," said Andre Durand, CEO and founder of Ping Identity. "Singular Key's no-code identity orchestration makes integrating identity and other enterprise apps simple, allowing customers to achieve better end user experiences in less time."
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$ECON... | Hot Stocks16:00 EDT Rob Kaplan to retire as Dallas Fed President - The Federal Reserve Bank of Dallas announced that President and CEO Rob Kaplan will retire from the Bank effective October 8, 2021. In a statement, Kaplan said: "The Federal Reserve is approaching a critical point in our economic recovery as it deliberates the future path of monetary policy. Unfortunately, the recent focus on my financial disclosure risks becoming a distraction to the Federal Reserve's execution of that vital work. For that reason, I have decided to retire as President and CEO of the Federal Reserve Bank of Dallas, effective Friday, October 8, 2021. During my tenure, I have adhered to all Federal Reserve ethical standards and policies. My securities investing activities and disclosures met Bank compliance rules and standards. I am proud of the work we have done at the Dallas Fed during the past six years and am confident that my colleagues will continue to play a vital role in supporting our nation's economic recovery." Reference Link
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SMLR | Hot Stocks15:26 EDT Semler Scientific up 12% after saying Nasdaq approves listing - Semler Scientific is trading up 12% or $13.89 per share to $129.39 on Monday afternoon after saying earlier that Nasdaq has approved the listing of its common stock on the exchange. Semler Scientific's common stock will begin trading on The Nasdaq Capital Market under the trading symbol "SMLR" at the open of the market on Tuesday, September 28. Semler Scientific's common stock will continue to trade on the OTCQB until market close on September 27.
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PYR | Hot Stocks15:18 EDT PyroGenesis signs JV, license agreements with leading residue processor - PyroGenesis Canada is pleased to announce today that, further to its Q2 2021 financial results press release dated August 16th, it has signed joint venture and license agreements with a leading residue processor to transform dross residues into high value chemical products. This 50:50 JV will be geared towards building, installing and operating dross residue valorization facilities worldwide. To this effect, PyroGenesis secured, through the JV, an exclusive license to a patented and novel technology which is expected to convert dross residues into high value chemical products. Under the terms of the JV, the exclusive access to the technology initially applies to projects in North America and in the Gulf Cooperation Council nations. Upon successful completion of the first project, the exclusive access to the technology will expand to include, for all sense and purposes, the majority of the world. These dross residues are currently either being (i) landfilled (which is increasingly becoming banned by regulators) or (ii) sold as cheap flux to the cement industry.
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ORCL | Hot Stocks15:01 EDT Oracle, Telefonica Espana announce multi-year cloud collaboration - Oracle and Telefonica Espana announced a multi-year collaboration to accelerate the telecoms company's cloud adoption and the development of new communication services for consumers and businesses. "Telefonica will migrate the bulk of its Oracle Database systems to Oracle Exadata Cloud@Customer, building a dedicated cloud platform on-premises to support provisioning and delivery of new services, as well as Telefonica's mission-critical operational and commercial systems including its BSS and OSS platforms and applications, business intelligence systems, CRM, billing and revenue management. The collaboration is part of a multi-year initiative by Telefonica to consolidate the technology infrastructure that underpins its communications network into a shared, open-standard platform designed to support its growing digital services portfolio, including new services around Internet of Things and 5G, and services co-hosted with ISVs and network partners," the companies stated.
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COIN | Hot Stocks14:56 EDT Coinbase to roll out feature in U.S. to deposit paychecks into Coinbase - Coinbase said in a blog past that, over the next few weeks, it is rolling out the ability for customers in the U.S. to deposit their paycheck into Coinbase to more easily make regular crypto trades, spend on Coinbase Card, earn crypto rewards, and more. "Get paid in crypto or in US dollars and deposit as much or as little of your paycheck as you want," the company said. "The future of payroll is coming." Reference Link
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MX | Hot Stocks14:50 EDT MagnaChip says termination date under Wise Road agreement extended to Dec. 25 - Magnachip Semiconductor and an exempted company incorporated in the Cayman Islands with limited liability formed by an affiliate of Wise Road Capital have entered into an agreement and plan of merger as previously disclosed on March 25, 2021. In accordance with that agreement and pursuant to a written notice delivered by Wise Road to the company, the termination date under the merger agreement has been extended from 11:59 p.m. New York time on September 25, 2021 to 11:59 p.m. New York time on December 25, 2021, the company stated in a regulatory filing.
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WMT | Hot Stocks14:02 EDT Walmart announces partnership with Epic for Walmart Health - Walmart announced a new partnership with Epic, which it calls "the most widely-used and comprehensive health records system." Through this single, unified system, Walmart Health will engage patients, healthcare professionals, insurance carriers and other stakeholders and Epic's platform will support all of Walmart's health and wellness lines of businesses as it is rolled out, the company stated. Epic will first be implemented in four new Walmart Health Centers opening in Florida in early 2022, Walmart noted. "Our vision to provide best in class healthcare, anywhere, anytime includes a seamless experience for our customers, healthcare professional partners and associates. Leveraging best in class partners like Epic and their technology platform will assist us in providing a unified health record across care settings, geographies and multiple sources of health data. The Epic system complements our omnichannel healthcare offerings - letting customers and healthcare professionals access care and health records to lead to more personalized care," added Dr. Cheryl Pegus, executive vice president, Walmart Health & Wellness.
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APYX | Hot Stocks13:24 EDT Apyx Medical trading resumes
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APYX | Hot Stocks13:19 EDT Apyx Medical trading halted, volatility trading pause
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WFC | Hot Stocks12:58 EDT Wells Fargo drops 2% after Bloomberg report of DOJ forex suit
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CMCSK CMCSA | Hot Stocks12:28 EDT Comcast to invest $26M to expand broadband network in Philadelphia, New Jersey - Comcast Business announced a two-year, $26M investment in a major expansion of its advanced network throughout Greater Philadelphia and New Jersey, reaching nearly 4,000 businesses directly and benefiting thousands more by making the network more accessible and affordable. The two-year build-out includes $10.3M invested in 2020 and an additional $15.7M in projects underway or planned for 2021. Upon completion, Comcast Business will have invested a total of nearly $100M in area network expansions since 2015, to the benefit of nearly 24,000 businesses. "Access to technology is critical to the success of our local businesses, whether it's a regional business closing more deals digitally, a hospital transferring large imaging files or a retailer looking to connect multiple locations," said Dean Miller, President & CEO of the Philadelphia Alliance for Capital and Technologies. "Comcast's investment in the region will strengthen our business community and create new opportunities by supporting workforce development and benefiting overall economic expansion."
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FB CCOEY | Hot Stocks12:08 EDT 'Resident Evil 4' in VR launches for Oculus Quest 2 on October 21 - Facebook's (FB) Oculus said that the virtual reality version of Capcom (CCOEY) game "Resident Evil 4" is launching on October 21 exclusively on Oculus Quest 2. "Capcom partnered with Oculus Studios and Armature Studio to ratchet up the suspense with an immersive first-person perspective that only VR can deliver," Oculus said. Reference Link
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FB | Hot Stocks12:08 EDT Facebook creates $50M fund to build metaverse products 'responsibly' - Facebook announced a $50M investment in global research and program partners to ensure that metaverse products "are developed responsibly." The company said, "Through this fund, we'll collaborate with industry partners, civil rights groups, governments, nonprofits and academic institutions to determine how to build these technologies responsibly." Reference Link
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ABNB | Hot Stocks12:05 EDT Airbnb announces 1B in guest arrivals at Host listings - Airbnb announced that its platform has officially hit 1 billion guest arrivals at Host listings. "In celebration of this, Co-founder and CEO Brian Chesky today surprised the billionth guest arrival, Eva from Tubingen, Germany, with $50,000 in Airbnb credits to travel around the world on Airbnb for the next year," the company said in a statement. It added, "The travel recovery is becoming a travel revolution underpinned by new technologies like Zoom that are blurring the lines between living, working and traveling. As we look to the next billion guest arrivals on Airbnb, many will be enabled by this newfound flexibility that many people are experiencing with new trends emerging around extended weekends, the blurring of leisure and business trips, and even longer-term living on Airbnb."
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WMG | Hot Stocks12:03 EDT Warner Music announces partnership with Twitch - Warner Music Group and Twitch announced a partnership "that will see the companies launch various recording artist channels and create a standalone music space featuring premium music-centric programming." The deal marks Twitch's first partnership with a major record company, Warner Music said in a statement. The partnership will see the launch of Warner artist channels, including superstars Bella Poarch and Saweetie, "featuring a steady stream of exclusive content and behind-the-scenes material," it added. Additionally, Twitch has created a new process that participating music rights holders, including Warner, can opt into to report certain uses of their music, "to address when creators inadvertently or incidentally use music in their streams."
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RKLY | Hot Stocks12:00 EDT Rockley Photonics falls -8.2% - Rockley Photonics is down -8.2%, or -74c to $8.29.
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NTZ | Hot Stocks12:00 EDT Natuzzi falls -9.7% - Natuzzi is down -9.7%, or -$2.04 to $18.96.
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HNP | Hot Stocks12:00 EDT Huaneng Power falls -10.7% - Huaneng Power is down -10.7%, or -$2.48 to $20.69.
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PBF | Hot Stocks12:00 EDT PBF Energy rises 14.1% - PBF Energy is up 14.1%, or $1.73 to $13.97.
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SWN | Hot Stocks12:00 EDT Southwestern Energy rises 15.4% - Southwestern Energy is up 15.4%, or 74c to $5.56.
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SD | Hot Stocks12:00 EDT SandRidge Energy rises 16.2% - SandRidge Energy is up 16.2%, or $1.87 to $13.44.
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CBIO | Hot Stocks11:57 EDT Catalyst Biosciences treatment of Factor VII Deficiency granted orphan status - Catalyst Biosciences' treatment of Factor VII Deficiency was granted orphan status by the FDA, according to a post to the agency's website. Reference Link
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DVN | Hot Stocks11:49 EDT Devon Energy pays $6.15M to settle False Claims Act allegations - Devon Energy has agreed to pay $6.15M to resolve allegations that it violated the False Claims Act by underpaying and underreporting royalties for natural gas from federal lands in Wyoming and New Mexico, the Department of Justice announced. The settlement resolves allegations that, in calculating royalties, Devon improperly deducted payments to third-parties for gas transportation and processing that included costs to place the gas in marketable condition, and thereby knowingly underreported and underpaid royalties to the Department of the Interior. Reference Link
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NGG | Hot Stocks11:15 EDT NY AG says National Grid to pay $6M to resolve allegations of false reports - New York Attorney General Letitia James announced that her office has secured $6M from National Grid to resolve allegations that it knowingly provided false reports to the Long Island Power Authority, or LIPA, on the amount of electricity that was being delivered, but not billed for at homes and businesses across Long Island. Attorney General James said: "For more than four years, National Grid undercounted and falsely reported electrical usage of more than 1,000 homes and businesses, costing the Long Island Power Authority and the state millions. We're holding National Grid responsible for their shocking behavior and delivering $6 million to help low- and moderate- income Long Islanders modernize and replace their heat pumps." Reference Link
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ILMN | Hot Stocks11:13 EDT Illumina announces publication on whole-genome sequencing study - Illumina scientists, together with investigators from five children's hospital across the US, have co-authored a study published today in JAMA Pediatrics reporting findings from the NICUSeq Randomized Time-Delayed Trial. Results show that use of clinical whole-genome sequencing outperforms usual care by two-fold both in terms of diagnostic efficacy and change of clinical management of acutely ill newborns suspected of having a genetic condition. The data support the widespread adoption and implementation of cWGS for newborns in crisis. Children's Hospital of Philadelphia, University of Nebraska Medical Center and in partnership with Children's Hospital & Medical Center in Omaha, Children's Hospital of Orange County in conjunction with Rady Children's Institute for Genomic Medicine, Washington University/St. Louis Children's Hospital and Le Bonheur Children's Hospital, the University of Tennessee Health Science Center took part in study which enrolled a racially and ethnically diverse, and geographically distributed, population of acutely ill infants. The patient population of 354 infants was randomized to either receive cWGS within 15 days or 60 days of admission, with a total observation period of 90 days. In both arms of the study, access to cWGS doubled the proportion of patients receiving a precision diagnosis of their condition and a change of clinical management. Importantly, the study mirrored the real-world variability of infant care, and as such shows that whole-genome sequencing implementation is practical and superior to current diverse usual care practices, according to the study investigators.
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VIR GSK | Hot Stocks11:12 EDT GSK, Vir receive Japanese approval for monoclonal antibody for COVID treatment - GlaxoSmithKline (GSK) announced that it has received approval for Xevudy, generic name sotrovimab, a single-dose monoclonal antibody, for the treatment of COVID-19, as a Special Approval for Emergency, or SAE, under Article 14-3(1) of the Pharmaceutical Affairs Law by the Japanese Ministry of Health, Labour and Welfare, or MHLW. "With regard to the domestic supply of Xevudy, agreement has been reached with the Japanese government for their purchase and distribution of sotrovimab. GSK will continue to work together with the Japanese government to ensure a prompt and appropriate supply. XEVUDY 500mg for intravenous injection is approved for the treatment of mild to moderate COVID-19 patients who do not require oxygen supplementation and who are at risk of progressing to severe COVID-19," GSK stated. In April 2020, Vir (VIR) and GSK entered into a collaboration to research and develop solutions for coronaviruses, including SARS-CoV-2, the virus that causes COVID-19. The collaboration uses Vir's proprietary monoclonal antibody platform technology to accelerate existing and identify new anti-viral antibodies that could be used as therapeutic or preventive options to help address the current COVID-19 pandemic and future outbreaks, the company stated.
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EXXRF RACE | Hot Stocks11:07 EDT Exor, Ferrari announce multi-year collaboration with Jony Ive, LoveFrom - Exor N.V. (EXXRF) and Ferrari N.V. (RACE) announce a long term, multi-year collaboration with Sir Jony Ive and Marc Newson at the creative collective LoveFrom. The companies said, "The first expression of this new partnership will bring together Ferrari's legendary performance and excellence with LoveFrom's unrivalled experience and creativity that has defined extraordinary world changing products. Beyond the collaboration with Ferrari, LoveFrom will explore a range of creative projects with Exor in the business of luxury." Sir Jony Ive will also join Exor's Partners Council. Reference Link
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KEYS | Hot Stocks11:04 EDT Keysight Technologies, NCUOSC collaborate for GaN, SiC applications - Keysight Technologies and National Central University Optical Sciences Center announced a collaboration to improve the design and test validation efficiency of gallium nitride and silicon carbide applications, accelerating the pace of 5G and electric vehicle innovation. Wide band gap materials, such as GaN and SiC, offer rapid switching speeds, low loss and withstand high temperature and voltage characteristics. As a result, these materials are leveraged in consumer power products, fast charging, electric vehicles and rail transit, as well as 5G infrastructures and data center servers. However, these advantages increase the complexity of design and testing. NCUOSC successfully used Keysight's PD1500A Dynamic Power Device Analyzer/Double Pulse Tester platform to establish a third generation WBG semiconductor open laboratory to improve developing and testing efficiency. As the JEDEC, a global leader in developing open standards and publications for the microelectronics industry, continues to define the dynamic testing of WBG devices, standardized tests are starting to emerge. The Keysight PD1500A DPT determines the key performance parameters, which match all standards, such as turn-on/off and switching characteristics, dynamic on-resistance, dynamic current and voltage, as well as reverse recovery, gate charge and device output characteristics.
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SIEGY | Hot Stocks11:03 EDT Siemens awarded $14M task order for infrastructure modernization by USACE - Siemens Government Technologies has won a $14 million task order from the Army Corps of Engineers under its Utility Monitoring and Control Systems-V contract vehicle, for the upgrade of cooling and ventilation systems in a Defense Information Systems Agency facility at Hill Air Force Base, Utah. SGT was initially selected by USACE as one of 14 firms qualified to pursue task orders under its UMCS-V contract vehicle in November 2019. This current task order builds on a portfolio of work that SGT has successfully performed across government installations in the U.S. and abroad, helping military service branches and federal agencies meet their infrastructure modernization and energy resiliency and efficiency goals.
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TSLA | Hot Stocks10:48 EDT Tesla using untrained drivers 'as testers for unproven system,' says Blumenthal - Senator Richard Blumenthal said via Twitter: "Tesla is putting untrained drivers on public roads as testers for their misleadingly-named, unproven system-a seeming recipe for disaster. Serious safety concerns should put this reckless plan in reverse. It's Russian Roulette for unsuspecting drivers & the public." Reference Link
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FB | Hot Stocks10:40 EDT UK's CMA announces clearance of Facebook's acquisition of Kustomer - The Competition and Markets Authority said on its website, "The CMA has cleared the anticipated acquisition by Facebook, Inc. of Kustomer, Inc. The full text of the CMA decision will be published in due course." Reference Link
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RBLX | Hot Stocks10:38 EDT NMPA, Roblox strike industrywide agreement - The National Music Publishers' Association and Roblox announced an agreement that settles any previous claims against Roblox and sets the foundation for future partnerships with global publishers that will unlock new creative and commercial opportunities on its platform. It settles claims filed by NMPA members, offers an industrywide opt-in open to all eligible NMPA publishers and opens a negotiation period for members to engage individually in new go-forward licensing deals with the Roblox global platform that brings millions of people together through shared experiences. The agreement expands Roblox's existing relationships with major publishers to the entire publishing industry. Roblox will work closely with the global music publishing industry to help them unlock new ways for music to be more meaningfully integrated into the global Roblox community of more than 48 million daily active users. The deal paves the way for innovative partnerships between Roblox and publishers that will offer songwriters new ways to monetize their songs and catalogues. NMPA President & CEO David Israelite commented on the agreement saying, "We are extremely pleased to have found a way forward with Roblox as it continues to offer a unique platform for musicians and songwriters in the metaverse." Reference Link
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APDN | Hot Stocks10:33 EDT Applied DNA receives purchase orders totaling $1.6M to tag textile fibers - Applied DNA Sciences announced that it received purchase orders from a textile customer totaling $1.6M to supply molecular taggant to tag textile fibers. The company expects to ship the majority of the total value of the purchase orders during the current quarter ending September 30, 2021, with the balance expected to be shipped in the subsequent quarter. Concurrently, the company announced that it is progressing textile projects with leading apparel brands that, if successful and adopted by said brands and their suppliers, would represent new commercial opportunities for Applied DNA in fiscal 2022. These projects include textiles of multiple fibers with customer operations in the Americas, Europe, the U.K., and Southeast Asia. "We are pleased to see demand for tagged textiles approaching pre-pandemic levels," said MeiLin Wan, vice president of Textile Sales at Applied DNA. "The pandemic has forced textile brands and their suppliers to reimagine their supply chain models to prioritize sustainability, brand protection, and supply chain traceability. Having spent the pandemic positioning CertainT as the means through which to accelerate their traceability investments, we believe that the projects before us represent the future of textile supply chain traceability."
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SMWB... | Hot Stocks10:02 EDT Google selects Similarweb to power new 'export readiness' service - Similarweb (SMWB) announced that Google (GOOG) has selected Similarweb to power a new Google service, Market Finder, which helps small- and medium-sized businesses target and grow into new global markets. Market Finder analyzes a series of digital signals to deliver an automated score along with personalized and actionable recommendations to kick-start an international expansion plan through export opportunities. Market Finder diagnoses a business' export readiness. The process is based on user inputs across four main areas - general assessment, competitive position, global operations, and marketing readiness. The score is calculated based on an analysis of Similarweb insights.
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JAMF | Hot Stocks10:01 EDT Jamf Holding appoints Linh Lam as CIO - Jamf announced the appointment of Linh Lam as the company's Chief Information Officer. Lam will lead Jamf's technology strategy to create and implement a model for the modern hybrid workplace as the company continues its rapid growth. Lam joins Jamf from ICE Mortgage Technology as their SVP & Chief Information Officer where she partnered with business leaders to align enterprise technology delivery to support business strategy that enabled the company to scale from $500M to $950M in revenue in 2.5 years.
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SEMR | Hot Stocks10:00 EDT Semrush falls -6.8% - Semrush is down -6.8%, or -$1.88 to $25.67.
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NTZ | Hot Stocks10:00 EDT Natuzzi falls -9.0% - Natuzzi is down -9.0%, or -$1.89 to $19.11.
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HNP | Hot Stocks10:00 EDT Huaneng Power falls -11.6% - Huaneng Power is down -11.6%, or -$2.68 to $20.49.
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SWN | Hot Stocks10:00 EDT Southwestern Energy rises 8.7% - Southwestern Energy is up 8.7%, or 42c to $5.24.
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AR | Hot Stocks10:00 EDT Antero Resources rises 9.3% - Antero Resources is up 9.3%, or $1.63 to $19.24.
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PBF | Hot Stocks10:00 EDT PBF Energy rises 9.6% - PBF Energy is up 9.6%, or $1.18 to $13.43.
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SBSW | Hot Stocks09:47 EDT Sibanye Stillwater falls -6.0% - Sibanye Stillwater is down -6.0%, or -81c to $12.65.
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SFUN | Hot Stocks09:47 EDT Fang Holdings falls -6.7% - Fang Holdings is down -6.7%, or -40c to $5.61.
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HNP | Hot Stocks09:47 EDT Huaneng Power falls -9.9% - Huaneng Power is down -9.9%, or -$2.30 to $20.87.
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UNG | Hot Stocks09:47 EDT United States Natural Gas Fund rises 6.5% - United States Natural Gas Fund is up 6.5%, or $1.18 to $19.26.
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VZIO | Hot Stocks09:47 EDT Vizio rises 7.2% - Vizio is up 7.2%, or $1.40 to $20.96.
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KRA | Hot Stocks09:47 EDT Kraton rises 7.6% - Kraton is up 7.6%, or $3.15 to $44.67.
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GLYC | Hot Stocks09:40 EDT GlycoMimetics to study uproleselan in patients with COVID-19 pneumonia - The ClinicalTrials.gov website shows in a post dated September 27 that sponsor Lena Napolitano, MD, and collaborator GlycoMimetics plan a study to find out whether the drug uproleselan can help patients with severe COVID-19 pneumonia. "Investigators will study both the side effects of the drug and assess if the drug will help patients recover more quickly and slow down the progression of acute respiratory failure," the post stated. Reference Link
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JOAN | Hot Stocks09:36 EDT Joann hiring thousands of Team Members across the country - JOANN is hiring Team Members to join a fun and engaging work environment. Positions are available at the retailer's 853 stores across the United States, and applicants can look forward to an inclusive and creative work setting with robust employee perks. JOANN Team Members enjoy a 30% off discount, competitive benefits, flexible schedules, opportunities for growth and on the job training. Additionally, JOANN is hosting nationwide hiring events on October 1, 2, 8 and 9. Interested candidates can simply walk into their local JOANN for immediate interviews, and on the spot job offers. In addition to an everyday 30% discount, current JOANN store Team Members can receive a cash incentive by referring candidates who accept an offer. Interested candidates can apply for a variety of roles in stores, including Inventory Coordinators, Key Holders, Cashiers, Merchandise Replenishment Team Members, General Team Members and more. In addition, the company's Distribution Centers are hiring across the country. Some of the openings include Order Selectors, Maintenance Technicians, Inventory Control, Receiving Clerks, Drivers, Supervisors and more.
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SGAM ROKU | Hot Stocks09:33 EDT Redbox announces promotional agreement with Roku - Redbox, which has announced a definitive agreement to combine with Seaport Global Acquisition Corp. (SGAM) that will result in Redbox becoming a publicly traded company, announced it has signed a promotional agreement with Roku (ROKU) to "further attract multi-platform users to the Redbox streaming app." Redbox stated: "Starting now through mid-2022, consumers will receive a $5 streaming code on Roku players sold exclusively at Walmart. Consumers can then redeem these codes by downloading the Redbox app via their Roku player and the credit is immediately available to use towards movie rentals."
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BEN AVVIY | Hot Stocks09:33 EDT Franklin Resources to acquire investment grade credit team from Aviva Investors - Franklin Resources announced the talent acquisition of Aviva Investors' US-based Investment Grade Credit team, including senior portfolio managers Josh Lohmeier, CFA, and Michael Cho, CFA, to join Franklin Templeton Fixed Income. In addition, Tom Meyers, CFA, previously Aviva's Head of Americas Client Solutions, will join FTFI in a newly created role as SVP, Senior Director of Investments and Strategy Development, Fixed Income. Meyers, Lohmeier and the full investment team are expected to join by the end of 2021. Lohmeier and Meyers will report to Sonal Desai, CIO at FTFI, and the investment team will continue to report to Lohmeier. The Investment Grade Credit team currently manages over $7.5 billion in institutional AUM at Aviva, across its suite of investment grade credit strategies, including US Investment Grade Credit, US Long Duration Credit, US Long Duration Government/Credit, and US Intermediate Credit, with additional customized versions of each strategy for various institutional clients. Aviva clients in these strategies will have the opportunity to continue to have the team manage their assets at Franklin Templeton. The Investment Grade Credit team's approach and expertise are complementary to FTFI's existing active quant investment process, which combines fundamental research-based active management with quantitative analysis and data science. In addition, the team's investment philosophy and culture, built on the belief that a quantitative enhancement to fundamental research leads to more consistent and repeatable alpha generation, strongly aligns with FTFI's existing culture. Meyers will lead a newly formed team that will be responsible for representing FTFI's global fixed income investment strategies. He will help set the strategy for engagement with clients, prospects, and intermediaries to discuss FTFI's investment philosophy, process and performance. He will oversee the implementation of this strategy via a team of expert investment specialists and client-focused functions as an integrated part of FTFI's investment team, focusing on partnership with key distribution channels to support business growth.
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LHX | Hot Stocks09:32 EDT L3Harris Technologies receives production orders for U.S. Army's HMS program - L3Harris Technologies has received full-rate production orders for the U.S. Army's HMS program providing advanced multi-channel, multi mission communications for the Integrated Tactical Network. The Army awarded L3Harris more than $200M for the multi-channel, software-defined Falcon IV AN/PRC-163 handheld Leader Radios and AN/PRC-158 manpack radios that will increase warfighter effectiveness by enabling and multi-mission networking capability. The radios also fully support the Army's unified network strategy, that will allow flexibility to upgrade waveforms as new technology emerges.
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BHVN | Hot Stocks09:27 EDT Biohaven drops after verdiperstat shows no efficacy in multiple system atrophy
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TELA OSUR | Hot Stocks09:25 EDT Tela Bio appoints Roberto Cuca as COO, CFO - TELA Bio (TELA) announced the appointment of Roberto Cuca as the Company's new COO and CFO. As COO and CFO, Roberto Cuca will lead the execution of the Company's business plan and manage the Company's finances. He will report directly to President and CEO, Antony Koblish. Most recently, Mr. Cuca served as Chief Financial Officer of OraSure Technologies (OSUR), a point-of-care testing and sample collection technologies company, where he led the finance and IT functions since joining in 2018. On September 27, 2021, in connection with Mr. Cuca's appointment as COO and CFO and in accordance with the terms of an employment agreement between Mr. Cuca and TELA, the Board of Directors granted Mr. Cuca an option to purchase 144,000 shares of TELA's common stock, with an exercise price equal to the closing price of TELA's common stock on the NASDAQ Global Market on September 27, 2021. The option was granted as an inducement material to his acceptance of employment in accordance with Nasdaq Listing Rule 5635(c)(4). The option vests 25% on the first anniversary of the grant date, with the remaining 75% vesting in 36 equal monthly installments thereafter. The vesting of the option is subject to Mr. Cuca's continued service with the Company.
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BTCS | Hot Stocks09:23 EDT BTCS retires convertible note early, eliminates potential equity dilution - BTCS announced that the Company has paid off its $1.0 million convertible note issued in December 2020. BTCS' stock price was $1.60 at the time of issuance of the note in December 2020 compared to $6.38 as of September 24, 2021. Similarly, the price of Ethereum was a mere $636 when the note was issued, compared to approximately $3,000 as of September 26, 2021.
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AIM | Hot Stocks09:22 EDT AIM ImmunoTech files provisional patent application for Ampligen - AIM ImmunoTech announced the filing of a provisional patent application for Ampligen as a potential early-onset intranasal therapy designed to enhance and expand infection-induced immunity, epitope spreading, cross-reactivity and cross-protection in patients exposed to a wide range of RNA respiratory viruses, such as influenza, Rhinoviruses and SARS-CoV-2, which causes the disease COVID-19. The new filing concerns the early-stage administration of Ampligen following active viral replication after a respiratory virus has entered a person's nasal passages. AIM believes that Ampligen - which is thought to be a powerful immune system modulator - can help the body respond to such an infection by first activating the innate immune system to blunt viral replication, and then, as a second important step, inducing an enhanced cross-protective immune response or a broad-based immune response, both to the virus and potential variants of the virus. Applications for clinical trial authorization, which the Company plans to file in the near future, are expected to include intranasal therapeutic effect as a primary endpoint, but also exploratory endpoints to gather data supporting the Ampligen-enhanced immunity. AIM's COVID-19 patent portfolio also includes: A provisional patent application for Ampligen as both an intranasal and an intravenous therapy for what AIM describes as Post-COVID-19 Cognitive Dysfunction. Multiple provisional patient applications for Ampligen as a COVID-19 therapy and as an intranasal COVID-19 vaccine adjuvant.
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FRG | Hot Stocks09:21 EDT Franchise Group acquires Sylvan Learning for $81M - Franchise Group announced that it has completed the acquisition of Sylvan Learning, a tutoring franchisor for Pre-K-12 students and families in the U.S., in an all cash transaction valued at approximately $81M. The Transaction was financed with available cash. Founded in 1979 and headquartered in Hunt Valley, Maryland, Sylvan is an established and growing franchisor of tutoring services. Sylvan addresses the full range of student needs with a broad variety of academic curriculums delivered in an omnichannel format. Sylvan has a growing footprint and currently has more than 700 locations, in 49 states, including more than 560 physical centers, of which all but six are franchised. Sylvan's omnichannel platform has helped deliver attractive unit economics to its franchisees. The platform provides franchisees with the ability to provide a range of services, including on-premises, online, one-on-one and in group tutoring. For Franchise Group's fiscal year 2021, Sylvan is estimating total systemwide revenue of approximately $169 million, company revenue of approximately $30 million and Adjusted EBITDA of approximately $12 million. Franchise Group expects that the Transaction will be immediately accretive to its Non-GAAP EPS in 2021. Franchise Group management will update its guidance inclusive of Sylvan when it reports its third quarter financial results in November.
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APOP | Hot Stocks09:19 EDT Cellect Biotechnology provides update on non-compliance with Nasdaq Stock Market - On September 21, 2021, Cellect Biotechnology received a notice of non-compliance from Nasdaq Stock Market. The notice states that the company no longer complies with Nasdaq Rule 5550(b)(1) for continued listing. Based on the company's reported financial results for the six-month period ended June 30, 2021, the company does not meet the requirement of the Listing Rule to maintain a minimum stockholders' equity of $2.5M. In addition, as of September 20, 2021, the company does not meet the Listing Rule's alternatives for continued listing based on market value of listed securities or net income from continuing operations. The Company intends to submit a plan to regain compliance to Nasdaq by November 5, 2021.
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APOP QNRX | Hot Stocks09:16 EDT Cellect Biotechnology announces shareholder approval of merger with Quoin - Cellect Biotechnology (APOP) announced shareholders voted to approve the previously announced strategic merger agreement with privately-held Quoin Pharmaceuticals, a specialty pharmaceutical company focused on rare and orphan diseases, and all other proposals presented at the Special General Meeting of shareholders held on September 26, 2021, including the sale of the company's subsidiary, Cellect Biotherapeutics, to EnCellX, a privately held company based in San Diego, CA. Approximately 99% of the votes cast on the strategic merger agreement at the Special General Meeting voted in favor of approving the proposal. Subject to the satisfaction or waiver of all other closing conditions, the strategic merger is expected to close in October, 2021. The Agreement and Plan of Merger and Reorganization has been amended by the parties therein to extend the Outside Date thereunder from September 30, 2021 to November 1, 2021. The Amended and Restated Share Transfer Agreement has also been amended to extend the outside closing date of the share transfer to November 1, 2021. Following the completion of the strategic merger, Cellect will be renamed Quoin Pharmaceuticals, and will trade on the Nasdaq Capital Market under the symbol "QNRX". The sale of the intellectual property to EnCellX will be concurrent with the closing of the strategic merger with Quoin Pharmaceuticals.
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VZ | Hot Stocks09:16 EDT Verizon Business introduces redesigned BlueJeans platform - Verizon Business today introduced the redesigned BlueJeans platform for the hybrid workplace. Centered around BlueJeans Spaces, a new integrated virtual office for creating engagement and alignment, this next-generation collaboration platform was developed to provide a seamless virtual environment for teams to do their best work-from anywhere. With the introduction of Spaces, BlueJeans is redefining what it means to collaborate virtually in today's hybrid work environment. This immersive office experience allows for a more natural, individualistic and inclusive workflow for teams to ideate, activate-or just hang-together in real time. Going beyond the existing strengths and limitations of current virtual whiteboard solutions, the new BlueJeans Collaboration Board fosters teamwork by bringing together ideas, thoughts and content into one single repository for ongoing ideation. Designed to foster creativity, agility and engagement, the Collaboration Board allows users to pick up right where they left off, whenever, wherever on any device-working seamlessly on desktop, mobile, web or integrated room systems. For today's hybrid teams that require meeting flexibility, control and interactivity-at-scale, the latest BlueJeans Meetings updates were designed to support expanded use cases for large audiences. New features include: 1,000-Person Meetings: With expanded Meetings capacity, customers now have the ability to host up to 1,000 fully active participants in a collaborative meeting. Audio Lock: With the all new Audio Lock feature, meeting hosts can hard mute all participants to limit potential disruptions. Open Breakout Sessions: Attendees in large groups will be able to take advantage of BlueJeans' new Open Breakouts feature to have the freedom to select which sessions they would like to attend.
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VZ | Hot Stocks09:14 EDT Verizon Business announces updates across BlueJeans by Verizon portfolio - At Enterprise Connect Virtual, Verizon Business announced several updates across the BlueJeans by Verizon video conferencing and events portfolio to maximize engagement in a hybrid world. The latest enhancements to BlueJeans Events, BlueJeans Rooms, BlueJeans Meetings and BlueJeans Mobile, were designed to provide customers with the flexibility to hold dynamic, secure and interactive meetings of any size and from anywhere. To make the hybrid work environment more natural and engaging, BlueJeans is excited to announce the Next-Generation of its BlueJeans platform, an integrated collaboration experience that builds upon Meetings to deliver new modes of virtual communication that include BlueJeans Spaces, Messaging and Collaboration Board. By creating a 2D or 3D virtual space where distributed teams can come together to work, with all the necessary tools in one place to improve workstreams, brainstorm, organize and socialize, BlueJeans is addressing one of the most significant hurdles in today's hybrid work reality. Learn more about Spaces here. Today marks a massive leap forward in attendee capacity for BlueJeans Events, with record-breaking support for up to 150,000 interactive virtual event participants. To meet customer demand for super-sized virtual events that offer full interactivity, where they can participate in the Q&A, chat, polling, and raise their hand to be promoted onto the virtual stage, the latest updates to BlueJeans Events make the platform primetime for streaming industry-leading virtual conferences and forward-thinking, fan-centric entertainment activations. New features include: Closed Caption Translation: Expanding beyond English-only closed captioning to deliver automated, real-time closed captioning in over 70 new languages. Simultaneous Interpretation: Simultaneous interpretation supports up to 5 concurrent audio channels for delivering simultaneous and/or relay interpretation for attendees. Interpreters have the ability to set their incoming and outgoing languages, alongside volume and audio mix. Background Blur: Presenters and Moderators will be able to set their Background Blur density either at the hair check screen before joining the Event or directly through their video settings once in the Event. Embeddable Event Recordings: Complementing the best-in-class embed experience for live player and interactivity widgets, users now have the ability to take Event content and drop it onto any HTML page for on-demand viewing post-event. Event coordinators are being tasked with finding ways to create more interactivity and inclusivity with large-scale events, so that every event attendee can get the most out of the show. BlueJeans is the first virtual event provider to meet this requirement head on. Learn more here. BlueJeans is launching a brand-new, Android-based version of BlueJeans Rooms to power the next-generation of premium room-based video conferencing. In partnership with Poly, BlueJeans Rooms running on the Poly Studio X series will enable customers to immediately transform how conference room-bound employees are able to participate in hybrid meetings. BlueJeans Rooms will run natively on all three Studio X Series devices. In addition to the Poly Studio X Series, BlueJeans Rooms is certified to work with the Poly G7500 for customers interested in deploying a modular system for video conferencing that provides for flexible configurations that meet the needs of the most complex room environments. Learn more here. Unlocking true productivity for distributed teams will require breakthroughs in augmented reality that enable business leaders to fundamentally reimagine the way teams can work together. To empower hybrid and remote workers to do their best work, even when they aren't located in the same region or time zone, BlueJeans is proud to announce a new native meeting experience for Glass Enterprise Edition 2 from Google. Delivering premium, hands-free video conferencing, the BlueJeans Meetings app on Glass Enterprise Edition 2 takes advantage of Glass' 8MP camera to deliver stunningly clear streaming video and enable all participants to have pristine line-of-sight into whatever vantage point matters most. BlueJeans then augments these impressive visuals with Dolby Voice audio, featuring world-class noise suppression to help mitigate any potential disruptions that could impact timely issue resolution and spatial audio to help deliver truly immersive collaboration.
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HPQ | Hot Stocks09:12 EDT HP Inc. introduces low-cost HP Smart Tank 7000 series - HP Inc. introduces the new low-cost HP Smart Tank 7000 series to meet the daily needs of individuals printing high volumes. The HP Smart Tank 7000 Series is HP's first ink tank printer to be made from over 25% recycled plastic. The printers' compatible HP ink bottles can be recycled through HP Planet Partners supporting the company's vision for a closed-loop recycling process and reducing the amount of virgin plastic used. In the U.S., the HP Smart Tank 7000 series is priced at USD$399 - $499. The new printers are available now at HP.com as well as leading retailers including Amazon.com, Best Buy, Staples, Office Depot, Target, Walmart, Costco, and Sam's Club.
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DNLI | Hot Stocks09:12 EDT Denali Therapeutics appoints Katie Peng as Chief Commercial Officer - Denali Therapeutics announced the appointment of Katie Peng to the newly created role of Chief Commercial Officer. Peng most recently served as the Senior Vice President, Head of the OMNI Business Unit at Genentech where she was responsible for the neurology, ophthalmology, immunology, respiratory, and rare diseases portfolio.
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NXTD | Hot Stocks09:11 EDT Glass Lewis, ISS urge Nxt-ID shareholders to vote 'FOR' reverse stock splits - NXT-ID announced that both of the leading independent proxy advisory firms, Glass Lewis & Co. and Institutional Shareholder Services, have recommended that NXT-ID shareholders vote "FOR" the proposed reverse stock split of NXT-ID's common stock and "FOR" a reverse split of its Series C Preferred Stock at the company's special shareholders meeting scheduled to be held on Friday, October 15th. The company's board of directors has unanimously recommended that shareholders vote "FOR" each of the reverse stock split proposals.
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SUMO | Hot Stocks09:11 EDT Sumo Logic releases inaugural ESG report - Sumo Logic released its inaugural Environmental, Social and Governance Report that highlights the ways in which Sumo Logic is enabling progress and sustainable growth in communities across the world. The report details the progress Sumo Logic has made on its ESG priorities over the past year and is communicated to the company's investor community in alignment with the Sustainability Accounting Standards Board's standards. Among the many focus areas this report covers, key highlights from the past year include: Alignment with the United Nations Sustainable Development Goals including Zero Hunger, Gender Equality, Decent Work, and Economic Growth, Industry, Innovation and Infrastructure, and Climate Action. Alignment with the Sustainability Accounting Standards Board disclosure recommendations for Software and IT Services. Board oversight of ESG as specified in the Nominating and Corporate Governance Committee's charter. Diversity and Inclusion training for all Sumo Logic employees and three new employee resource groups. Comprehensive environmental assessment of Sumo Logic's corporate headquarters energy, water, and waste footprint.
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RWLK | Hot Stocks09:11 EDT ReWalk Robotics falls over 17% to $1.66 per share after $32.5M direct offering
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PMCB | Hot Stocks09:10 EDT PharmaCyte Biotech announces encapsulation material does not alter cellular DNA - PharmaCyte Biotech announced further results from a third test of biocompatibility of its CypCaps product candidate for pancreatic cancer. The tests results showed that the empty capsule material is not "mutagenic." A mutagen is a physical or chemical agent that permanently changes genetic material, usually DNA, in an organism and thus increases the frequency of mutations above the natural background level. PharmaCyte's Chief Executive Officer, Kenneth L. Waggoner, said, "As we continue to receive data from a myriad of tests that are currently in progress, we are generating exactly the data we expected to generate when we began addressing the U.S. Food and Drug Administration's desire to see more data. These latest test results continue to support the safety of PharmaCyte's product candidate, CypCaps. In line with data generated previously, we are confident that the encapsulation material used for CypCaps is biocompatible, safe and not toxic. Each of the tests that we're conducting should continue to demonstrate this." The study, which was performed by a third-party Contract Research Organization in compliance with OECD Principles of Good Laboratory Practice and in accordance with four regulatory guidelines was designed to determine if the device component of CypCaps can cause mutations by altering DNA. The specific objective of the study was to evaluate whether two differently prepared extracts of empty capsule material can induce reverse mutations in specific genes in four indicator strains of bacteria Salmonella typhimurium and one indicator strain of Escherichia coli. The third-party CRO concluded from the data obtained that the empty capsule material is "non-mutagenic."
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APO | Hot Stocks09:10 EDT Intrado Digital Media announces rebrand to notified - Intrado announced it is rebranding its Digital Media business to Notified. "The rebrand will provide Digital Media with a unique market identity, representative of its full solution suite," the company said. Concurrent with the rebranding to Notified, the business' solutions will be renamed Event Cloud, Public Relations Cloud, and Investor Relations Cloud. "Given the recent acquisition of Hubb and following a year of incredible growth for our organization, it is the perfect time to rebrand Intrado Digital Media to Notified; Notified represents the full spectrum of what we do, and rebranding is another meaningful milestone that will further strengthen our business as we meet the rapidly evolving needs of our customers," said Ben Chodor, President of Intrado Digital Media.
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FSTR | Hot Stocks09:09 EDT L.B. Foster completes sale of steel Piling Products business for $24M proceeds - L.B. Foster Company announced that it completed the sale of its steel Piling Products line of business to J.D. Fields & Company, Inc. on September 24, 2021 for approximately $24 million in total proceeds. The Company is retaining all pre-closing receivables and liabilities associated with the business. The asset sale includes all inventory held by the Company associated with the line of business, as well as the related fixed assets, including its Petersburg, VA facility. The Piling Products division produced revenues of approximately $43 million for the six months ended June 30, 2021, and $59 million for the twelve months ended December 31, 2020.
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DD | Hot Stocks09:09 EDT DuPont backs commitment to 100% renewable electricity in its operations by 2050 - DuPont announced that it has joined RE100, a global environmental initiative led by the Climate Group in partnership with CDP, which brings together companies committed to shifting the electricity used globally in its operations to 100% renewable energy. Joining RE100 underscores DuPont's commitment to its global Acting on Climate sustainability goal, which aims to source at least 60 percent of its electricity from renewable energy by 2030 and achieve carbon neutrality by 2050. DuPont is also committing to address market and policy barriers to sourcing renewables alongside member companies.
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CW RTX | Hot Stocks09:08 EDT Curtiss-Wright gets Raytheon contract to make MOSA-based nodules for AC/MC-130J - Curtiss-Wright (CW) announced that it was awarded a contract by Raytheon Technologies (RTX) to provide its rugged Modular Open Systems Approach or MOSA-based processor and networking modules for use in the NextGen SMP . The NextGen SMP serves as the central processing component of the AC/MC-130J aircraft, also known as the Ghostrider and Commando II. "We are very proud to have been selected by Raytheon Technologies to support the secure mission processing requirements of this important special operations platform with our rugged commercial-off-the-shelf modular open system processing technology," said Lynn M. Bamford, President and CEO of Curtiss-Wright Corporation. "Curtiss-Wright has established a leadership role in delivering the numerous benefits of MOSA solutions to the U.S. Air Force and other military forces, and we are excited to provide these critical technologies to support the Air Force Special Operations Command." The NextGen SMP provides the Air Force Special Operations Command, AFSOC, with secure commercial-off-the-shelf mission systems to integrate with the aircraft displays, sensors, and other onboard systems. The NextGen SMP solution is based on an open-computing environment that addresses obsolescence and enables rapid deployment of third-party application software to the Air Force. Shipments have begun and are scheduled to run through 2032.
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PACB | Hot Stocks09:08 EDT Pacific Biosciences partners with ERGA initiative - Pacific Biosciences of California announced a partnership with The European Reference Genome Atlas. or ERGA, consortium to support its efforts in understanding and protecting biodiversity by generating high-quality reference genomes for European plant and animal species. "PacBio's HiFi Sequencing technology allows scientists to take the first important step by reliably generating high-quality genetic maps of each plant and animal species," the company said. "Together, PacBio and ERGA aim to put Europe's biodiversity on the path to recovery by 2030," said Neil Ward, Vice President and General Manager of EMEA at PacBio. "Each plant and animal species has a unique genome and they range in complexity. Since HiFi Sequencing reads are both large and accurate, scientists can easily assemble, phase, and analyze genomes with confidence."
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GVP | Hot Stocks09:08 EDT GSE Systems awarded $1.6M contract to upgrade two Canadian nuclear power plants - GSE Systems has been awarded a contract to upgrade the simulators at two Canadian nuclear power plants. The project is estimated to take 24 months to complete with a total value of roughly $1.6M.
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FLEX CPB | Hot Stocks09:06 EDT Flex names Xavier Boza as Chief Human Resources Officer - Flex (FLEX) announced that Xavier Boza has joined the company as chief human resources officer. Boza will report directly to CEO, Revathi Advaithi. Boza joins Flex with nearly 25 years of human resources experience including defining and implementing strategic initiatives to modernize HR and generate business critical value within the function. Most recently, he served as the executive vice president and CHRO for Campbell's Soup (CPB).
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SB | Hot Stocks09:06 EDT Safe Bulkers announces availability of 2020 sustainability report - Safe Bulkers announced that the Company's 2020 Sustainability Report is available for download. Dr. Loukas Barmparis, President of the Company commented: "We proudly present our 2020 Sustainability Report describing the environmental, social and governance practices and our vision towards a continuous enhancement of our ESG standards."
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GEVO | Hot Stocks09:06 EDT Gevo awarded patent for process to upgrade ethanol, alcohols to hydrocarbon fuel - Gevo announced that it has received a patent from the United States Patent and Trademark Office, USPTO, for a process that encompasses upgrading ethanol and bio-based alcohols into drop-in, bio-based diesel and jet-fuel products. The USPTO has awarded Gevo U.S. Patent No. 11,078,433 titled "Conversion of Mixtures of C2-C8 Olefins to Jet Fuel and/or Diesel Fuel in High Yield from Bio-Based Alcohols." The patented process establishes a new technology and route to hydrocarbons that did not previously exist. "We have been working on the conversion of alcohols into hydrocarbons for many years. Ethanol, when produced using renewable energy in combination with other sustainable practices, could be a good feedstock. The technology in this patent is different from what others have done in that it provides high yields of quality diesel fuel, and can also produce SAF if we want," says Dr. Patrick Gruber, Chief Executive Officer of Gevo. "We are believers in the 'net-zero' approach. We need to account for carbon and related emissions across the whole of the business system. We must pay attention to the source of renewable carbon and the energy involved with manufacturing fuel products. But that alone isn't enough. We also have to pay attention to additional key sustainability attributes in the business system, like agricultural practices, land use, protein production, water, and all the rest. From our work on Net-Zero 1, we have a deep conviction that net-zero hydrocarbons are possible and commercially viable. We need to work to further decarbonize ethanol."
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EEFT | Hot Stocks09:05 EDT Ria Money Transfer partners with Paytm Payments Bank - Ria Money Transfer and Paytm Payments Bank announced a partnership to enable customers to send money in real time - virtually instantly - through Ria's extensive network to Paytm's prominent mobile wallet. Paytm becomes the country's first platform to accept international remittances directly into a digital wallet, and Ria becomes the first money transfer company to connect with Paytm's approximately 333 million wallet users significantly increasing its customer reach in the region and creating a new delivery channel for the Indian diaspora to send money back home.
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APD | Hot Stocks09:05 EDT Air Products, others sign asset acquisition agreements in Saudi Arabia - Aramco, Air Products, ACWA Power and Air Products Qudra announced the signing and finalization of definitive agreements for the asset acquisition and project financing of the $12B air separation unit/gasification/power joint venture in Jazan Economic City. Aramco via its subsidiary Saudi Aramco Power Company has a 20% share in the JV; Air Products 46%; ACWA Power 25%; and Air Products Qudra 9%. Moreover, Air Products' total ownership position is 50.6% by owning an additional 4.6% through Air Products Qudra. The JV is purchasing the ASUs, gasification, syngas cleanup, utilities and power assets from Aramco. The JV owns and operates the facility under a 25-year contract for a fixed monthly fee. Aramco will supply feedstock to the JV, and the JV will produce power, steam, hydrogen and other utilities for Aramco. With the completion of these definitive agreements, all parties under the joint venture expect asset transfer and funding to occur during the month of October 2021. Air Products intends to conduct a public investor call at that time.
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WYY | Hot Stocks09:04 EDT WidePoint reinstates prior $2.1M share repurchase program - WidePoint has reinstated its prior share repurchase program to which it may repurchase up to $2.1M of its common stock, which plan was suspended on March 9, 2020 as a precaution due to the COVID-19 pandemic. Under the share repurchase program, repurchases of the issued and outstanding shares may be made from time-to-time in open market and privately negotiated transactions. WidePoint currently has 9.1M shares outstanding.
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PNBK | Hot Stocks09:03 EDT Patriot National appoints David Lowery as EVP, chief lending officer - Patriot National Bancorp announced that David Lowery has been promoted to Executive Vice President and Chief Lending Officer. Mr. Lowery joined Patriot Bank in April of 2021 as Head of Lending. Overall, David is leading the Bank's SBA division, Commercial Real Estate, C&I and Consumer Lending areas. Prior to joining Patriot, Mr. Lowery has served in various senior capacities with several institutions including Iberiabank, Metropolitan Commercial Bank and M&T Bank.
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NETE | Hot Stocks09:03 EDT Mullen releases update letter to shareholders - Mullen Automotive, which previously announced a definitive stock-for-stock reverse merger agreement with Net Element, in which Mullen's stockholders will receive a majority of the outstanding stock in the post-merger company, releases the following letter to shareholders from Mullen's Chief Executive Officer, David Michery. Michery said, "As we begin the fourth quarter of 2021, I would like to take this opportunity to update everyone on the progress being made to complete the merger with Net Element. I am pleased to say that the SEC has declared effective the S-4 registration statement of the shares of the merger. The shareholders and boards of both companies have approved the deal and the Company believes it can comply with the listing standards of the NASDAQ. The Company currently is awaiting a final response from NASDAQ. I would also like to update you on the upcoming debut of Mullen FIVE EV crossover. Mullen will be debuting the FIVE this coming November 2021 at the Los Angeles International Auto Show. Please visit Mullen and the FIVE EV Crossover Nov. 17 - 28 in the South Hall of the Los Angeles Convention Center. We will continue communicating our developments to the investment community, and encourage shareholders and potential investors to visit our website and follow our social media channels, such as Facebook and Twitter, to stay informed and fully aware of new developments as they occur."
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MRCY | Hot Stocks09:02 EDT Mercury Systems to acquire Avalex Technologies, terms not disclosed - Mercury Systems announced that it has signed a definitive agreement to acquire Avalex Technologies Corporation. Based in Gulf Breeze, Fla., Avalex is a provider of mission-critical avionics, including rugged displays, integrated communications management systems, digital video recorders, and warning systems. Pursuant to the terms of the agreement, Mercury will acquire Avalex for all cash, subject to net working capital and net debt adjustments. The acquisition is expected to be treated as an asset sale for tax purposes. The acquisition and associated transaction expenses are expected to be funded through a combination of cash on hand and Mercury's existing revolving credit facility. Avalex is currently expected to generate approximately $40 million in revenue for the twelve months ending December 31, 2022, with adjusted EBITDA margins of approximately 25%. The acquisition is expected to be immediately accretive to adjusted EPS. The acquisition is subject to customary closing conditions, including approval pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The transaction is currently expected to close during Mercury's fiscal 2022 second quarter ending December 31, 2021.
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ALTR | Hot Stocks08:56 EDT Altair Engineering announces private placement financing of $200M - Altair announced a private placement financing of $200 million from Matrix Capital Management Company LP, one of the Company's largest stockholders, in exchange for 2,935,564 shares of its Class A common stock. Per the terms of the agreement, the shares will be subject to a 1-year lockup period.
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ADTX | Hot Stocks08:50 EDT Aditx Therapeutics names Corinne Pankovcin as President, Farley as CFO - Aditxt announced key executive management changes to support its growth plans. Corinne Pankovcin, who has served as CFO of Aditxt, has been appointed as President and will work closely with the Company's CEO, Amro Albanna, to execute Aditxt's business strategy. Thomas J. Farley, who has served as Controller and Principal Accounting Officer of Aditxt, has been appointed as CFO.
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OMQS | Hot Stocks08:48 EDT Omniq to deploy omniQ VISION at Miami International Airport - omniQ will deploy omniQ VISION at Miami International Airport. omniQ was selected by DESIGNA Access Corporation to deploy omniQ VISION, its advanced A.I. based license plate recognition and vehicle recognition technology. omniQ VISION is now deployed at more than 40 airports, including 50% of the top 20 hub airports in the U.S. including Atlanta, Dallas Fort Worth, Los Angeles International Airport and John F. Kennedy Airport in New York. In bidding on the MIA contract, omniQ VISION participated in a detailed Request for Quotation thru DESIGNA with several other LPR companies. DESIGNA is the contracted PARCS vendor with Miami-Dade County for the deployment of a new Parking Access and Revenue Control System which includes License Plate Recognition. Key requirements for DESIGNA's RFQ included the ability to work in a VM Ware environment along with providing a fully integrated fixed and mobile LPR solution from the same supplier utilizing a single database of LPR records. omniQ Vision was awarded the Designa/MIA contract which calls for 50+ fixed lanes of LPR for entry and exit plazas at the airport which includes license plate processing in a virtualized environment, along with failover capabilities. The agreement also includes omniQ's SeeMobile Vehicle mounted LPR and SeePatrol Handheld LPR units for license plate inventory along with Bluetooth printers for vehicle notifications. The system is expected to be deployed at Miami International Airport during Q4 2021.
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HBM | Hot Stocks08:47 EDT Hudbay Minerals announces collective agreements with unions in Manitoba - Hudbay Minerals announced that new three-and-a-half year collective agreements have been ratified by the members of United Steelworkers Local 7106 and USW Local 9338. Members of the other four unions at Hudbay's Manitoba operations ratified their respective three-and-a-half year collective agreements in July, as announced with the company's second quarter results on August 9, 2021. This completes the collective bargaining process with all six of the company's unions in Manitoba.
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STON | Hot Stocks08:46 EDT StoneMor Partners receives letter from Axar on discussing strategic alternatives - StoneMor announced that its board of directors has received a letter, dated September 22, 2021, from Axar Capital Management in which Axar expressed an interest in pursuing discussions concerning strategic alternatives that may be beneficial to the Company and its various stakeholders. Axar currently owns approximately 75% of the Company's outstanding common stock. Axar has engaged Schulte Roth & Zabel LLP as its legal advisor and stated in the Letter that it would engage a financial advisor at the appropriate time. According to the Letter, Axar expects that any such discussions would be conducted with a special committee of the Board, assisted by financial and legal advisors it engages. The Letter also states that any transaction involving Axar arising from such discussions would be conditioned upon, among other things, approval of the special committee and the Board, the negotiation and execution of mutually satisfactory definitive agreements and customary terms. The Letter also stated that any transaction structured as a take-private transaction would be subject to a closing condition that the approval of holders of a majority of the outstanding shares not owned by Axar or its affiliates be obtained. On September 26, 2021, the Board authorized its Conflicts Committee, which is comprised of independent directors Stephen J. Negrotti, Kevin Patrick and Patricia Wellenbach, to engage in the discussions contemplated by the Letter, including the authority to engage in discussions concerning and to negotiate the terms and provisions of any strategic alternative the Conflicts Committee determines to be appropriate in connection with such discussions. Under its charter, the Conflicts Committee has the authority to reject, approve or recommend that the Board approve any transaction that is a related party transaction, which would include any transaction to which Axar is a party. The Conflicts Committee intends to retain independent legal and financial advisors to assist in such discussions. The Board cautions the Company's stockholders and others considering trading in the Company's securities that the discussions contemplated by the Letter have not commenced, and there can be no assurance that any transaction will result from such discussions. The Company does not undertake any obligation to provide any updates with respect to these matters, except as required under applicable law.
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NCMI | Hot Stocks08:43 EDT National CineMedia appoints Ronnie Ng as CFO - National CineMedia has appointed Ronnie Ng as CFO, effective September 27. With 20 years of finance, investment banking, accounting and managerial experience, Ng joins NCM from Allen Media Group, a diversified media and entertainment company, where he was CFO and head of corporate development.
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CCXI... | Hot Stocks08:41 EDT ChemoCentryx announces approval in Japan of TAVNEOS - ChemoCentryx (CCIX) announced that Kissei Pharmaceutical (KSPHF) has received approval from the Japanese Ministry of Health, Labor, and Welfare to market TAVNEOS, an orally administered selective complement 5a receptor inhibitor, in Japan for the treatment of patients with microscopic polyangiitis and granulomatosis with polyangiitis, the two main forms of anti-neutrophil cytoplasmic autoantibody-associated vasculitis also known as ANCA-associated vasculitis or ANCA vasculitis. ChemoCentryx's Kidney Health Alliance with Vifor Pharma (GNHAY) provides Vifor Pharma with exclusive rights to commercialize avacopan in markets outside of the U.S., and Vifor Pharma has granted Kissei Pharmaceutical an exclusive license to commercialize TAVNEOS, in Japan. In other countries, the PDUFA goal date for the Food and Drug Administration decision on the Company's amended NDA is October 7, 2021 and the regulatory decision in Europe following the European Medicines Agency review is expected by the end of 2021.
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ATRA | Hot Stocks08:41 EDT EMA grants Atara's accelerated assessment of of tab-cel to treat EBV+ PTLD - Atara Biotherapeutics in T-cell immunotherapy, leveraging its novel allogeneic EBV T-cell platform to develop transformative therapies for patients with cancer and autoimmune diseases announced the Committee for Medicinal Products for Human Use, CHMP, of the European Medicines Agency has granted accelerated assessment to the Company's lead product candidate, tabelecleucel tab-cel, for the treatment of Epstein-Barr virus positive post-transplant lymphoproliferative disease . EBV+ PTLD is a rare and potentially life-threatening cancer that may occur following a solid organ transplant or allogeneic hematopoietic cell transplant . For patients with EBV+ PTLD, the median survival is only 2-3 months after failure of initial therapy. There are currently no EMA- or FDA-approved treatments indicated for these patients. Tab-cel also has Orphan Drug status in Europe and was previously granted PRIME designation by the EMA. Following recent successful interactions with the EMA, Atara has completed the necessary regulatory and compliance steps needed to submit an MAA for tab-cel, which is on track for submission in November 2021. With the granting of accelerated assessment, Atara anticipates a decision regarding approval in the second half of 2022. The MAA submission will include data from the ongoing Phase 3 ALLELE study assessing the efficacy and safety of tab-cel in patients with EBV+ PTLD following solid organ transplant or allogeneic hematopoietic cell transplant .
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SOLO | Hot Stocks08:40 EDT ElectraMeccanica engages MZ Group to lead investor relations - ElectraMeccanica Vehicles has engaged investor relations specialists MZ Group to manage a comprehensive, strategic investor relations and financial communications program across all key markets.MZ Group will work closely with ElectraMeccanica management to implement a comprehensive capital markets strategy focused on increasing the Company's visibility in the investment community. The new campaign will highlight ElectraMeccanica's transition to a commercial production enterprise with the upcoming sales deliveries and ramp of its flagship single-occupant SOLO electric vehicle. MZ will advise ElectraMeccanica in all facets of corporate and financial communications, including the coordination of roadshows and investment conferences across key cities and building brand awareness with financial and social media outlets.
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HLBZ | Hot Stocks08:40 EDT Helbiz announces multi-year partnership with HiWay Media - Helbiz announced a multi-year partnership between Helbiz Media, the company's media arm and exclusive distributor of the Italian Serie B media rights worldwide, and HiWay Media, a digital entertainment company. Through this agreement, HiWay Media will provide Helbiz with customized technology to deliver a seamless streaming experience of the Italian Serie B League to global audiences.
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SGSVF | Hot Stocks08:39 EDT Sabina Gold & Silver CFO Elaine Bennett to depart, Wendy Louie to succeed - Sabina Gold & Silver reports changes to executive team effective September 27, 2021. After over 13 years with the Company, Elaine Bennett, Vice-President, Finance and CFO for the Company, will be stepping down from her role and moving on to pursue new opportunities. Wendy Louie will be assuming the position effective September 27, 2021. Louie is a Canadian Chartered Professional Accountant with over 25 years of diverse finance and leadership experience. She most recently has provided consulting services in the mining, shipping, energy and technology sectors through her private consulting company which included mergers and acquisitions, risk management and advisory expertise. Bennett will continue on with the Company during a transition period to integrate Louie into the Company's Finance Department.
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NNOX | Hot Stocks08:37 EDT Nano-X says Zebra Medical Vision secures 510k FDA clearance for CAC solution - NANO-X IMAGING announced that Zebra Medical Vision secures 8th 510K FDA clearance for its Coronary Artery Calcium solution as part of its population health offering. On August 10th, 2021 Nanox announced that it had entered into an acquisition agreement via merger with Zebra Medical Vision LTD. This agreement, once consummated, will put Zebra-Med on track to expand its mission of helping to diagnose populations at scale with its AI-based solutions, enabling IDNs and commercial payers to detect and treat patients at risk for chronic conditions while accurately adjusting their covered population risk.
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ACST | Hot Stocks08:37 EDT Acasti Pharma announces initiation of study for GTX-104 - Acasti Pharma announces the initiation of its planned pharmacokinetic bridging study to evaluate the relative bioavailability of intravenous GTX-104 compared to currently marketed oral nimodipine capsules in 50 healthy subjects. The PK study is the next required step in the proposed 505(b)(2) regulatory pathway for GTX-104. Results from this study are expected in the first half of calendar 2022, and after review with the U.S. Food & Drug Administration, will help to determine the final design of the Company's planned Phase 3 safety study for GTX-104 in Subarachnoid Hemorrhage patients. Assuming the PK study and related FDA review progress as planned, the Company expects to begin the Phase 3 study during the second half of 2022. GTX-104 is a novel IV nimodipine infusion being developed to treat SAH, which is a central nervous system condition that causes acute bleeding on the brain and requires immediate medical attention to prevent long-term disability or death. Jan D'Alvise, Chief Executive Officer of Acasti, stated, "We are rapidly advancing our clinical pipeline and are proud to have already initiated this PK bridging study of GTX-104 in the short time since completing our acquisition of Grace Therapeutics at the end of August. This latest study follows an earlier safety and dose-escalation crossover study conducted by Grace, which reported encouraging results. We believe GTX-104 has the potential to provide improved bioavailability and lower intra-subject variability compared to oral capsules, which could translate into better blood pressure control in these critically ill patients. Moreover, it could provide a more convenient dosing schedule that would be easier to administer to patients who are unconscious. SAH is a devastating condition that afflicts more than 50,000 patients per year in the United States and is one of the most expensive acute conditions to treat. As a result, we believe GTX-104, through our unique formulation, has the potential to address a sizable market opportunity with a significant unmet medical need."
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BNED FLWS | Hot Stocks08:36 EDT Barnes & Noble Education names Maureen Paradine Chief Human Resources Officer - Barnes & Noble Education (BNED) announced that Maureen Paradine has been named Senior Vice President, Chief Human Resources Officer, effective September 27. Ms. Paradine will report directly to Michael C. Miller, Executive Vice President, Corporate Development and Affairs, and Chief Legal Officer, BNED. A "We are pleased to welcome Maureen to BNED as our new Chief Human Resources Officer," said Michael P. Huseby, CEO and Chairman, BNED. "Maureen's leadership experience and impressive background developing and overseeing the HR strategy for a diverse workforce in the retail industry will be an incredible asset to BNED." Prior to joining BNED, Ms. Paradine served as Senior Vice President, Human Resources, 1-800-FLOWERS.COM (FLWS)There, she oversaw all human resources activities for the company's 4,000 employees across the enterprise, including organizational development, talent development, human capital management, performance management, employment law, compensation and benefits. Before joining 1-800-FLOWERS.COM, Inc. in 2005, Ms. Paradine spent four years as Vice President, Human Resources at The Hain Celestial Group. Prior to that, she held a variety of human resources and development roles at Thomson Industries, Inc., Cooper & Dunham LLP and Klein Behavioral Science Consultants.
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CLS | Hot Stocks08:36 EDT Celestica releases 2020 sustainability report - Celestica announced the release of its 2020 Sustainability Report. The report demonstrates Celestica's commitment to fostering a company-wide culture of sustainability focused on supporting people, the planet and the communities in which it operates. Highlights from Celestica's 2020 Sustainability Report include: Environmental: Setting greenhouse gas emissions reduction targets in line with climate science and the goals of the Paris Agreement. Decreasing Scope 1 and 2 GHG emissions by 21.3% from 2019. Achieving a waste diversion rate of 92.5%. Averting 10,000 metric tonnes of CO2e through renewable energy projects. Social: Implementing robust safety processes and protocols in response to the COVID-19 pandemic for employees working onsite, while supporting remote employees. Volunteering over 18,800 working hours in local communities and over 125,000 hours since 2015. Bringing diversity and inclusion into focus and further incorporating it into our culture, workplace, and talent practices. Logging approximately 1,500,000 training hours in 2020. Governance: Strengthening our governance position by embedding board level strategy and oversight into our ESG management system, which included enhancing ESG elements in our financial disclosures. Conducting a board diversity survey and confirming a board gender diversity target of 30%. Enhancing our own reporting to include alignment to the Sustainability Accounting Standards Board and a preliminary disclosure to the Financial Stability Board's Task Force on Climate-related Financial Disclosures.
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POWW | Hot Stocks08:34 EDT AMMO raises Q2 revenue view to $55M from $51M, two est. $52.6M - "The increase in our second fiscal quarter revenue estimate reflects continued momentum across our entire business," said Fred Wagenhals, AMMO, Inc.'s Chairman and CEO. "Transaction activity at our leading marketplace platform, GunBroker.com, remains more robust, even when compared to last year's record setting performance. We are also in the midst of implementing several key initiatives to accelerate the marketplace's growth, including engaging with manufacturers, distributors and importers to expand the marketplace offerings, while also expanding GunBroker.com's customer service team with 11 new hires and more to follow." Mr. Wagenhals further noted that "the growth in our core ammunition business continues to be driven by strong underlying demand for our unique, high-performance products, coupled with ongoing efforts to increase capacity. Since consolidating all manufacturing operations this past April in our Manitowoc, Wisconsin plant, we have doubled our priming and loading capacity, and increased our brass manufacturing capacity by approximately 15%. And there are more production enhancements planned for operational deployment shortly. Finally, our team continues their work to bring our new world-class plant online and fully operational without production down-time in the Summer of 2022, on schedule and within budget."
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SRPT | Hot Stocks08:34 EDT Sarepta to initiate Part B of MOMENTUM study of SRP-5051 - Sarepta Therapeutics announced that following positive interactions with the U.S. Food and Drug Administration, the company plans to initiate Part B of the MOMENTUM study, in the fourth quarter. MOMENTUM is a global trial investigating the use of SRP-5051, the company's next-generation peptide-conjugated phosphorodiamidate morpholino oligomer to treat patients with Duchenne muscular dystrophy who are amenable to exon 51 skipping. The study will enroll between 20-40 patients between ages 7 to 21 amenable to exon 51 skipping who are naive to SRP-5051. Additionally, those previously dosed in Study 5051-201, Part A or Study 5051-102 who meet the entrance criteria will be eligible to participate. Both ambulatory and non-ambulatory patients are eligible for participation. The company will submit the protocol in the next week. "If proven safe and as efficacious as our initial data suggest it may be, SRP-5051 could be the first in a host of transformative therapies from our next-generation PPMO platform to treat and improve the lives of children living with Duchenne muscular dystrophy. In addition to the fantastic work of our team, and the dedication of Duchenne families and the program's investigators, I would like to thank FDA's Division of Neurology I for their diligence and thoughtful advice and input, without which we would not be able to commence Part B of the MOMEMTUM study ahead of schedule," said Doug Ingram, Sarepta's president and chief executive officer.
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BYND WMT | Hot Stocks08:33 EDT Beyond Meat announces debut of Beyond Chicken Tenders - Beyond Meat announced it is debuting its Beyond Chicken Tenders at select retailers nationwide in response to consumer demand. In addition to the retail rollout of the plant-based chicken tenders, Beyond Meat is also increasing its retail product distribution of other Beyond Meat products at Walmart stores in which Beyond Meat products are currently sold, making this the third such expansion this year alone. In response to positive taste reviews and consumer demand, Beyond Meat is proud to debut Beyond Chicken Tenders at select retailers nationwide. With crunchy, golden breading and a juicy, tender bite, Beyond Chicken Tenders are designed to offer the same great taste as traditional chicken tenders but with 50% less saturated fat. Like all Beyond Meat products, Beyond Chicken Tenders contain no GMOs, antibiotics, hormones or cholesterol. The protein in Beyond Chicken Tenders is derived from the faba bean, a nutrient-packed legume crop. Starting in October, shoppers can find Beyond Chicken Tenders in the frozen food aisle in select Walmart, Jewel-Osco, Safeway NorCal, Harris Teeter, Giant Foods and ShopRite stores across the country with additional availability expected to be added later this year. In addition to offering the new Beyond Chicken Tenders, Walmart plans to increase the number of stores offering Beyond Breakfast Sausage Classic Patties by more than 1,500 stores and Beyond Breakfast Sausage Spicy Patties by more than 1,300 stores, as well as increasing availability of Beyond Meatballs and Beyond Beef Crumbles. This broader product expansion at Walmart is already the third this year, following the introduction of Beyond Meatballs in May and Beyond Sausage Hot Italian in March.
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AMBO | Hot Stocks08:32 EDT Ambow Education awarded U.S. patent - Ambow Education announced that the United States Patent and Trademark Office has granted the company an International Patent for "Method and Device for Adaptively Controlling Multimedia Blackboard, Medium and Electronic Apparatus" (Patent Number: US011017565B1). This innovative process creates a three-dimensional model of a target space, utilizes an adaptive algorithm to capture the spread of students in a classroom based on the model, then shifts the multimedia blackboard automatically to enable optimal viewing for each student, reducing their class fatigue and contributing to improved teaching effectiveness and learning efficiency accordingly.
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PPL | Hot Stocks08:31 EDT PPL Corp. acquires ownership interest in SOO Green project - SOO Green HVDC Link is pleased to announce that PPL Corporation has acquired an ownership interest in the SOO Green project. SOO Green is a first of its kind underground HVDC transmission line located primarily along Canadian Pacific rail that will connect the MISO and PJM regional energy markets, enabling the delivery of 2,100 MW of renewable energy from the upper Midwest to eastern markets. The innovative 350-mile project will use state-of-the-art 525KV class underground cable and Siemens' modern Voltage Sourced Converter technology. Construction is expected to commence in 2023 and is expected to take three years to complete.
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RYCEY | Hot Stocks08:29 EDT Rolls-Royce agrees to sell ITP Aero to Bain Capital Private Equity - Rolls-Royce announced that it has signed a definitive agreement to sell 100% of ITP Aero to Bain Capital Private Equity, which is leading a consortium of investors, for approximately EUR 1.7B. The consortium includes interests to be held by Spanish co-investors SAPA and JB Capital. "The proposed sale is a key element of Rolls-Royce's disposal programme, announced on 27 August 2020, to raise proceeds of at least GBP 2.0B, and is consistent with the company's strategy of reducing capital intensity while maintaining a key long-term strategic supply relationship. Rolls-Royce will receive total cash proceeds, excluding any cash retained by Rolls-Royce, of approximately EUR 1.7B, which will be used to help rebuild the Rolls-Royce balance sheet, in support of the company's medium-term ambition to return to an investment grade credit profile. The proposed sale values ITP Aero at an enterprise value of approximately EUR 1.8B. The transaction has been approved by the Board of Rolls-Royce and the consortium members and is subject to certain closing conditions, including customary regulatory clearances. It is expected to close in the first half of 2022. The consortium's vision for an independent ITP Aero is to invest in growing the company's products, regions and customers and further enhance its status as a Spanish national champion. ITP Aero's partnership with Bain Capital and the consortium will allow it to further drive its strategy to be a pioneer of new technologies and world class manufacturing enabled by a highly skilled workforce. This strategy will see ITP Aero maintain and grow its position as a leading supplier of critical engine components to key civil aviation and defence aircraft platforms, further diversifying its customer base and supporting the next generation of aircraft, including in sustainable and low carbon technologies. The consortium fully recognises the importance of ITP Aero to Spain, the Basque Country, and the Spanish Government," the company stated. Reference Link
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SMLR | Hot Stocks08:27 EDT Semler Scientific to begin trading on Nasdaq on September 28 - Semler Scientific announced that The Nasdaq Stock Market has approved the listing of its common stock on the exchange. Semler Scientific's common stock will begin trading on The Nasdaq Capital Market under the trading symbol "SMLR" at the open of the market on Tuesday, September 28. Semler Scientific's common stock will continue to trade on the OTCQB until market close on September 27.
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ALPN | Hot Stocks08:26 EDT Alpine Immune Sciences director buys 15K share of common stock - In a regulatory filing, Alpine Immune Sciences disclosed that board member Robert Conway bought 15K shares of common stock on September 23rd in a total transaction size of $151K, boosting his stake by about 43%. Shares of Alpine Immune Sciences are up about 1% at $10.46 per share in pre-market trading.
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PSN | Hot Stocks08:25 EDT Parsons names Jon Moretta as President of Engineered Systems Business - Parsons has announced the promotion of Jon Moretta to president of the engineered systems business unit, effective immediately. Moretta joined Parsons in 2016 and most recently served as the industrial market leader in the company's critical infrastructure business segment. Moretta replaces Chris Alexander, who announced his intent to retire earlier this month. Alexander most recently served as president of Parsons' engineered systems business unit as part of his nearly two decades with the company.
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TLS SPLK | Hot Stocks08:25 EDT Telos, Splunk, stackArmor partner under ATO on AWS program - Telos Corporation (TLS), Splunk Inc (SPLK) and stackArmor are excited to announce their partnership under the authority to operate on Amazon Web Services program to reduce the time and cost associated with ATO compliance through the new FASTTR initiative, which stands for Faster ATO with Splunk, Telos and ThreatAlert for Regulated Markets. FASTTR brings together three innovative cybersecurity solutions to benefit independent software providers and regulated defense contractors that are required to comply with complex state and local government security regulations, like FedRAMP, FISMA, CMMC and soon, StateRAMP. stackArmor's ThreatAlert ATO Accelerator rapidly delivers a dedicated AWS Landing Zone with NIST compliant security services and a complete ATO documentation package generated using Xacta, the Telos cyber risk management and compliance automation solution that features AWS control inheritance and Open Security Controls Assessment Language (OSCAL) data exchange capabilities. To ensure the confidentiality, integrity and availability of sensitive data, ThreatAlert integrates Splunk's security information and event management capabilities to meet continuous monitoring and auditability requirements. The unique "in-boundary" deployment model of the ThreatAlert ATO Accelerator that includes both Splunk solutions and Telos Xacta reduces the time and cost of ATO projects by ensuring that data stays within the accreditation boundary.
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EVRG | Hot Stocks08:24 EDT Evergy director buys 39.6K shares of common stock - In a regulatory filing, Evergy disclosed that its director John Wilder bought 39.6K shares of common stock on September 23rd in a total transaction size of $2.52M.
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PHAT | Hot Stocks08:23 EDT Phathom Pharmaceuticals announces results from VONO-103 - Phathom Pharmaceuticals reported results from VONO-103, a Phase 1 trial evaluating the effects of vonoprazan 20 mg once daily, or QD, and lansoprazole 30 mg QD in healthy U.S. subjects. In the study, vonoprazan demonstrated significantly greater acid inhibition as compared to lansoprazole. The study treatments were generally well tolerated with no serious adverse events reported. The primary pharmacodynamic endpoints of VONO-103 were mean gastric pH over twenty-four hours and the percentage of time with gastric pH above 4 on Days 1 and 7. Gastric pH levels are measured on a logarithmic scale from 0.0 to 14.0, in which each point represents a 10-fold change in acidity and higher pH values represent lower acidity. Following the first dose, the mean 24-hour gastric pH value on Day 1 for vonoprazan was 4.6 as compared to 2.8 for lansoprazole. The least squares mean pH greater than 4 HTR on Day 1 for vonoprazan was 62.2% as compared to 23.2% for lansoprazole. The greater gastric acid inhibition was maintained after seven days of once daily dosing. The mean 24-hour pH value on Day 7 for vonoprazan was 5.9 as compared to 3.8 for lansoprazole. The least squares mean pHgreater than4 HTR on Day 7 was 86.8% for vonoprazan as compared to 42.1% for lansoprazole.
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MFGCF | Hot Stocks08:23 EDT Mayfair Gold announces further drill results from Expansion Zone at Fenn-Gib - Mayfair Gold is pleased to announce further drill results from the Fenn-Gib Expansion Zone. The Fenn-Gib deposit, located in the Timmins region of Northeast Ontario, hosts a pit-constrained Indicated Resource of 2.08M ounces with disseminated gold mineralization striking east-west on the Pipestone Fault over 1.25 kilometers and up to 300 meters wide at the west end. The Fenn-Gib Expansion Zone lies below the shallow central section of the current conceptual open pit. The drill results reported below are part of the fully-funded, ongoing 50,000m Phase 1 drill program at the Fenn-Gib project. Resource infill and expansion drilling is being supported by four drill rigs, and 55 holes have been completed to date for a total of 37,971m. Numerous historic drill holes in the upper Fenn-Gib deposit did not drill through the entire mineralized stratigraphy, with some holes ending in mineralization. The infill and expansion drill program within and below the current conceptual open pit is designed to identify additional mineralization in support of our target to grow the Fenn-Gib deposit to more than 3 million ounces. The Fenn-Gib Expansion Zone drilling is supported by two of the four drill rigs and is targeting the shallow central section below the current conceptual open pit. Highlights of the newly reported mineralized intervals include: FG21-151 intersected 0.82 g/t Au over 181.7m, including 1.50 g/t Au over 32.5m; FG21-154 intersected 0.71 g/t Au over 135.5m including 1.43 g/t over 33.0m; FG21-157 intersected 0.70 g/t Au over 167.8m including 3.02 g/t Au over 10.0m; and FG21-163 intersected 0.92 g/t Au over 226.0m including 1.56 g/t over 26.0m. The latest drill results continue to intersect significant gold mineralization building on the previously reported Expansion Zone results, including FG21-148 which intersected 101.0m at a grade of 0.88 g/t Au including 51.7m at a grade of 1.16 g/t Au, hole FG21-149 intersected 101.9m at a grade of 0.75 g/t Au including 18.0m at a grade of 1.77 g/t Au, hole FG21-150 intersected 65.5m at a grade of 1.18 g/t Au including 10.0m at a grade of 4.24 g/t Au, and hole FG21-153 intersected 233.0m at a grade of 1.05 g/t Au including 84.0m at a grade of 1.83 g/t Au and 25.5m at a grade of 4.70 g/t Au. In addition to the 100%-controlled Fenn-Gib North Block, Mayfair Gold also controls 100% of the highly prospective Fenn-Gib South Block, located approx. 3 kilometers to the south of the North Block. The 14.72 km2 South Block straddles the gold-bearing Porcupine-Destor fault over a strike of approx. 6 kilometers. Current and past producing gold mines, including the Ross Mine, the Black Fox Mine and the Gray Fox deposit, are located on strike to the northwest of the South Block. Gold deposits and past producing mines are also located on strike to the east of the South Block. Without road access, the South Block has seen only limited exploration dating back to the mid-1980s, when Homestake Mining conducted scout drilling across the area, intersecting gold in most of their drill holes. Mayfair's recently completed high-resolution airborne MAG survey included coverage of the entire South Block. Based on the results of that survey, as well as past drilling, Mayfair is currently designing an exploration program for the South Block that will be managed separately from the 50,000m North Block drill program. Details of the South Block exploration program will be announced in the near future.
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FCEL | Hot Stocks08:22 EDT FuelCell releases comments on the signing of Senate Bill 155 in California - FuelCell Energy announce the company "applauds California Governor Gavin Newsom on the signing of Senate Bill 155, which includes a two-year extension of the Fuel Cell Net Energy Metering program, known as Fuel Cell NEM. This bill represents an enormous investment in alleviating the effects of climate change in California through environmental protection, extreme heat mitigation, coastal restoration, and wildfire prevention... Extending the Fuel Cell NEM program will provide California customers certainty that investing in and deploying clean baseload alternative energy sources is in the best interest of the state as a whole and consistent with the state's environmental objectives," the company said. "Fuel Cell NEM allows businesses to invest their own private capital in clean, firm technology that reduces their energy consumption and lowers their environmental footprint by reducing Scope 1, 2, and 3 emissions, while the State benefits from maintaining and creating new jobs, reducing greenhouse gas emissions, criteria air pollutants and water use without any direct incentives," said Jason Few, President and Chief Executive Officer, FuelCell Energy. "Again, we thank Governor Newsom and the California Legislature for supporting energy and climate policy that furthers the State's ambition for reliable baseload power, clean energy investments, job creation and environmental protection."
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AMZN | Hot Stocks08:22 EDT Amazon announces new capabilities for Amazon Connect - Amazon shared new business momentum milestones and announced three new capabilities for Amazon Connect. AWS shared for the first time that tens of thousands of AWS customers are supporting more than 10M contact center interactions a day on Amazon Connect. The new features announced are designed to give agents the right information at the right time to answer customer questions faster, provide fast and secure caller authentication, and make communicating with customers easier and more efficient.
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SQL | Hot Stocks08:20 EDT SeqLL announces publication of new blood-based RNA sequencing method - SeqLL announced the peer-reviewed publication of a new blood-based RNA Sequencing method to detect Coronary Artery Disease powered by SeqLL's tSMS platform in the September issue of BMC Medical Genomics. The study, "RNA Sequencing of Blood in Coronary Artery Disease: Involvement of Regulatory T-cell Imbalance", was led by Timothy McCaffery, PhD, Professor of Medicine at the George Washington University School of Medicine and Health Sciences, with support from a public-private relationship with SeqLL, and support from the St. Laurent Institute and True Bearing Diagnostics, included researchers and physicians from GW as well as Inova Health System of Northern Virginia. Diagnosis of CAD is typically based on coronary angiography, an imaging process used to detect restricted blood flow in the heart's major arteries. Up to 40% of the 1 million cardiac catheterizations performed in the U.S., however, have a "no blockage" test result, despite clinical indications. To improve diagnostic options, Dr. McCaffrey's study used a cutting-edge sequencing method to identify an RNA signature in the whole blood of CAD patients who had received diagnoses via angiographies. "Using SeqLL's tSMS platform, our team was able to sequence millions of RNA strands per patient at single molecule resolution. This allowed us to reproducibly identify specific RNA transcripts that were altered in patients with coronary disease," Dr. McCaffrey said. He added that "cardiologists were able to collect the blood while the patients underwent angiographic imaging of their arteries." Between two cohorts, one at GW and one at Inova, Dr. McCaffrey and the research team pinpointed new biomarkers from the identified genes that could lend insight into the cause of CAD. For example, they determined that patients with atherosclerosis had reduced activity of their regulatory T-cells, or suppressor T-cells.
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BX MGM | Hot Stocks08:19 EDT Blackstone to sell The Cosmopolitan of Las Vegas for $5.65B - Blackstone (BX) announced that Blackstone Real Estate Partners, or BREP, has reached an agreement to sell The Cosmopolitan of Las Vegas for $5.65B. Since acquiring The Cosmopolitan in 2014, Blackstone, alongside a best-in-class management team, transformed the resort into the leading destination on the Las Vegas Strip. Blackstone implemented significant operational changes and invested over $500M into the property to renovate nearly 3,000 guest rooms, build 67 new rooms and suites, enhance the food and beverage offerings and dramatically improve the gaming amenities and common areas. Blackstone also reached agreements with unions at the property and secured approximately 3,000 stable jobs for professionals that will continue to serve guests of the hotel. As a result of these enhancements, The Cosmopolitan's recent performance has been stronger than ever, exceeding pre-COVID levels in the second quarter of 2021. BREP conducted a thorough process, throughout which it considered a broad range of potential options for The Cosmopolitan and determined that separating the asset's operations from the underlying real estate would result in an optimal outcome. Under the agreement, MGM Resorts International (MGM) intends to acquire the operations of The Cosmopolitan and sign a long-term net lease with a partnership between Cherng Family Trust, Stonepeak Partners and Blackstone Real Estate Income Trust, which will acquire The Cosmopolitan's real estate assets. The transaction is expected to close in early 2022, subject to regulatory approvals and other customary closing conditions.
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KTOS | Hot Stocks08:18 EDT Kratos Defense $13.2M in C5ISR System Product awards - Kratos Defense & Security Solutions announced that its Command, Control, Communication, Computing, Combat System, Intelligence, Surveillance and Reconnaissance, or C5ISR, Business recently received approximately $13.2M in program awards, including for a large U.S. National Security Program. Kratos C5ISR business provides specialized manufacturing, products and solutions for critical National Security priorities and programs, including Nuclear Deterrence, Missile Defense, Radar, High Power Directed Energy, Unmanned Aerial Drone System, Space and Satellite Communication and CBRNE. Work under these recent contract awards will be performed at secure Kratos manufacturing and customer facilities. Tom Mills, President of Kratos C5ISR Division, said, "Our entire organization is focused on providing the highest quality products, systems and solutions in support of United States National Security, the Warfighter and their Mission, delivering on schedule and on budget. We are honored to have been chosen to support these priority National Security programs."
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EVRC | Hot Stocks08:18 EDT Stockholder Group urges Evercel stockholders to vote for its three proposals - James Gerson and Richard Krantz, the collective owners of approximately 12.0% of the outstanding voting stock of the Company, announced that it has mailed a proxy statement and BLUE proxy card to solicit votes in favor of its three business proposals seeking to amend Evercel's Bylaws in order to allow stockholders to expand the size of the Board of Directors and fill the resulting vacancies with its slate of three directors - Daniel Lewis, Richard Lewisohn III and Alan Mitrani - at the Company's annual meeting of stockholders scheduled to be held virtually at 10:00 a.m. Eastern Time on Thursday, October 7, 2021. The Stockholder Group also announced that it has mailed a letter to stockholders detailing why stockholders should support its business proposals and elect its three director candidates, a copy of the letter can be found here www.saratogaproxy.com/Evercel In its letter, the Stockholder Group explains why now is the time to expand the Board, noting the following viewpoints: Evercel has not lived up to its potential as a small cap focused growth company and has significantly underperformed the broader markets. Evercel's lack of transparency and disclosures of the Company's financial condition are a drain on stockholders' liquidity. The Stockholder Group notes that the Company's 2021 financial statements are still not available, despite the year ending almost 6 months ago. The Stockholder Group has concerns with the level of compensation paid to the Company's CEO, Daniel Allen, despite the Company's underperformance. The Stockholder Group believes the addition of three new highly-qualified director candidates could improve the Company's performance, transparency and liquidity, including by strongly advocating for an up-listing to NASDAQ. Since delivering notice of the Stockholder Group's intent to bring three business proposals before the Annual Meeting, the Company has announced the approval of a share repurchase program. The Stockholder Group believes this announcement was a direct reaction to our proxy statement and proposals, and is intended to distract stockholders from the Company's longstanding lack of performance. In addition, the Stockholder Group is puzzled how the Company could possibly repurchase any shares under the program while its current 2021 financial statements are not available. At the Annual Meeting, the Company intends to nominate two incumbent directors for election to the Board. The Stockholder Group does not oppose the re-election of the Company's nominees but believes that adding three more highly-qualified directors to the Board with skillsets is critical to maximizing stockholder value. The Stockholder Group's three business proposals are: A proposal to repeal any change to the Bylaws that may have been adopted by the Board on or after September 2, 2021 that could prevent the adoption of its proposed amendments to the Bylaws. A proposal to amend the Bylaws to permit stockholders to increase the size of the Board and fix the size of the Board at nine members through the 2024 annual meeting of stockholders and fill vacancies on the Board, including the exclusive right to fill vacancies resulting from an expansion of the Board approved by stockholders; and A proposal to elect, assuming the Bylaw Amendment Proposal is approved at the Annual Meeting, Daniel Lewis as a Class I director to the Board to serve a term expiring at the 2024 annual meeting of stockholders or until his successor is duly elected and qualified, Richard Lewisohn III as a Class II director to serve a term expiring at the 2022 annual meeting of stockholders or until his successor is duly elected and qualified, and Alan Mitrani as a Class III director to serve a term expiring at the 2023 annual meeting of stockholders or until his successor is duly elected and qualified.
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MGM BX | Hot Stocks08:17 EDT MGM Resorts to acquire operations of The Cosmopolitan of Las Vegas for $1.625B - MGM Resorts International (MGM) announced that the company has entered into a definitive agreement with Blackstone (BX) to acquire the operations of The Cosmopolitan of Las Vegas for cash consideration of $1.625B, subject to customary working capital adjustments. The purchase price represents a multiple of approximately eight times adjusted EBITDA, inclusive of expected operational synergies and identified revenue growth opportunities. Following the close of the transaction, MGM Resorts will enter into a 30-year lease agreement, with three 10-year renewal options, with a partnership among Stonepeak Partners, Cherng Family Trust and Blackstone Real Estate Income Trust, which will acquire The Cosmopolitan's real estate assets. MGM Resorts will pay an initial annual rent of $200M, escalating annually at 2% for the first 15 years and the greater of 2% or the CPI increase (capped at 3%) thereafter. The transaction is expected to close in the first half of 2022, subject to regulatory approvals and other customary closing conditions.
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DARE | Hot Stocks08:16 EDT Dare Bioscience announces NIH grant award to support development of DARE-LARC1 - Dare Bioscience announced a Notice of Award of a grant from the Eunice Kennedy Shriver National Institute Of Child Health & Human Development, or NICHD, a division of the National Institutes of Health, or NIH, for $309,614. This grant will support the development of DARE-LARC1, Dare's investigational user-controlled, long-acting reversible contraceptive, or LARC, and such funding is in addition to a separate unrelated grant award for this program of up to $48.95M announced earlier this year. DARE-LARC1 is an investigational contraceptive implant currently in preclinical development. The technology underpinning DARE-LARC1 was originally developed at the Massachusetts Institute of Technology by renowned researchers Robert Langer, Ph.D. and Michael Cima, Ph.D. DARE-LARC1 is designed to store and precisely deliver hundreds of therapeutic doses of the contraceptive levonorgestrel over a period of years and to be controlled by the user, without further intervention by a healthcare provider. "The current FDA-approved LARCs offer high rates of contraception effectiveness over periods ranging from 3 to 10 years, however, they can be burdensome for women, requiring a physician to insert and subsequently remove the LARC in order to return to fertility. DARE-LARC1 seeks to improve upon this profile by enabling a woman to pause her contraception when she wishes to conceive and to subsequently resume contraception at a future time," said Elizabeth Proos, Vice President, Product Development for Dare Bioscience. "Our goal for DARE-LARC1 is to provide a level of contraceptive effectiveness comparable to other approved LARCs but without the need for multiple procedures to insert, remove and reinsert the device."
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MRMD | Hot Stocks08:15 EDT Marimed appoints Steve West as VP, investor relations - MariMed announced the appointment of Steve West as Vice President, Investor Relations. Prior to joining MariMed, West led investor relations at industry-leading companies, including cannabis and hemp products company Neptune Wellness Solutions, cannabis multi-state operator Acreage Holdings, Dick's Sporting Goods, and Panera Bread Company.
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ATCO | Hot Stocks08:14 EDT Atlas Corp.'s Seaspan announces order for ten 7,000 TEU containerships - Seaspan, a wholly owned subsidiary of Atlas Corp., announced that it has entered into an agreement with a major shipyard for ten 7,000 TEU modern newbuild containerships. The Vessels, which are scrubber-fitted, are anticipated to begin deliveries in the second quarter and through to the fourth quarter of 2024. Upon completion, the Vessels will enter long-term charters with a leading global liner customer. Seaspan expects the Vessels to generate $1.4B of gross contracted cash flows over their minimum terms.
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ENSC | Hot Stocks08:14 EDT Ensysce Biosciences announces $15M convertible note financing - Ensysce Biosciences announced that it has entered into a securities purchase agreement with institutional investors in the form of senior secured convertible notes and warrants exercisable for Ensysce common stock in a private placement for an aggregate investment of $15 million. An initial funding by the Investors occurred on September 24, 2021, for $5 million prior to fees and offering expenses. The Notes are convertible into shares of Ensysce common stock at a conversion price of $5.87, a 30% premium to the base price set at the time of the initial closing. The Notes have a maturity date of 21 months from the applicable closing date and will bear interest from date of issuance at 5.0% per annum, with monthly principal payments in cash or common stock beginning approximately 90 days after the initial closing. The Notes were issued with an original discount of six percent. The Warrants have the right to purchase up to 361,158 shares of common stock at an exercise price of $7.63, a 30% premium to the conversion price. The Warrants are exercisable for five years following the date of issuance. The total gross proceeds from the issuance of the Notes pursuant to the securities purchase agreement, expected to be $15 million before fees and expenses, will be used for general working capital purposes. At the first closing, $5 million of funding was secured. The second closing is expected to occur upon satisfaction of certain conditions, at which time the Company will issue to the institutional investors referenced above, Notes in the aggregate principal amount of $10.6 million for an aggregate purchase price of $10 million and Warrants to purchase 722,317 shares of the Company's common stock at an exercise price of $7.63.
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BTU | Hot Stocks08:13 EDT Peabody Energy, UMWA reach consensual agreement on new labor contract - Peabody announced the ratification of a new collective bargaining agreement by the union representing the company's hourly workers at its Shoal Creek mine. "Peabody is pleased to have reached an agreement with our Shoal Creek mine employees that we believe is beneficial for all stakeholders, allowing the mine to operate safely and efficiently", said Marc Hathhorn, President of Peabody's Australian and seaborne mining operations. "We appreciate the cooperation of the UMWA leadership and our Shoal Creek employees in reaching an agreement."
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RFL | Hot Stocks08:12 EDT Rafael announces APOLLO613 Phase I/II trial of CPI-613 begins enrollment - Rafael Pharmaceuticals announced that the Phase 1 clinical trial of CPI-613 in combination with hydroxychloroquine in patients with clear cell sarcoma is open for enrollment. The clinical trial will begin enrolling patients at City of Hope in Duarte, California, with other sites across the country to quickly follow. "Clear cell sarcoma is truly one of the most challenging sarcomas to treat, as it often spreads quickly to other parts of the body and prognosis is generally poor," said Sanjeev Luther, President and CEO of Rafael Pharmaceuticals. "The opening of this trial at City of Hope and several other sites across the country has the potential to grant a population with significant unmet medical needs a promising new treatment option."
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VXRT | Hot Stocks08:11 EDT Vaxart names Dr. James Cummings as Chief Medical Officer - Vaxart announced the appointment of James Cummings, M.D., as the company's Chief Medical Officer (CMO). Dr. Cummings is a Board-Certified Infectious Diseases Physician with extensive experience in vaccine, drug and diagnostics development. He joins Vaxart as the company prepares to begin its Phase II clinical trials for COVID-19 with an oral tablet formulation.
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ENPH | Hot Stocks08:11 EDT Enphase Energy announces expansion into Brazil - Enphase Energy announced the company has entered the Brazilian solar market with the introduction of its IQ 7+ microinverters. Enphase will start shipping its IQ 7+ microinverters for residential and small commercial installers across Brazil starting in October 2021. The Enphase microinverter systems will be outfitted with Enphase Envoy communications gateways, which connect an Enphase-based solar system to the Enphase Enlighten monitoring platform and helps make per-panel energy monitoring and insights for operations and maintenance easy. "Our entry into Brazil's rapidly growing solar market is very exciting," said Marco Krapels, vice president, market expansion at Enphase Energy. "Enphase microinverter systems feature unparalleled safety, simplicity and reliability, which enable residential and small commercial installers to spend less time installing and servicing systems and more time providing a superior customer experience, including 24/7 customer support. In addition, we are working with financing partners in Brazil like Solfacil to help expand access to Enphase products."
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DISH | Hot Stocks08:10 EDT Dish, IOG form strategic collaboration - DISH and Input Output Global announced that they have formed a strategic collaboration to explore the use of distributed ledger technologies across its business lines. Building on the Cardano blockchain, the teams will develop a variety of applications that enable and enhance the Boost, DISH and SLING customer bases. Coming from years of experience innovating within the satellite television and broadband industries, DISH now looks to leverage DLT to enhance and optimize its ability to serve its customers.
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WTT | Hot Stocks08:10 EDT MicroLab expands portfolio of SMART passives system - Wireless Telecom Group announced its Microlab brand has expanded the portfolio of products using its innovative, patent pending SMART capabilities. The first Microlab SMART product, the SMART Coupler, won the 2020 Connected Real Estate Tech Award for Best In-Building Public Safety Solution. That same technology and capability are now being deployed in two new SMART couplers. Along with the new SMART couplers, Microlab is introducing a series of DC Pass Tappers that enable network designers to more cost-effectively and flexibly deploy SMART technology. The new SMART couplers are narrowband devices, that provide the same functionality as the original SMART couplers but are now public-safety-band specific and more economical for larger deployments where a greater number of couplers are required. The DC Pass tappers cover 137 MHz - 960 MHz. Combined with the existing portfolio of SMART Couplers and the head-end SMART Gateway, the new SMART Couplers and DC Pass Tappers provide active diagnostic tools for system monitoring with failure detection and isolation capabilities, ensuring Public Safety DAS owners can depend on the operation of their critical communication systems.
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NKLA | Hot Stocks08:09 EDT Nikola executes second purchase agreement with Tumim Stone Capital - Nikola and Tumim Stone Capital have entered into a second $300M common stock equity line purchase agreement, providing Nikola the right to issue and sell to Tumim up to $600M of Nikola's common stock in aggregate, subject to certain conditions and limitations. Under this second equity line purchase agreement, Nikola has the right, but not the obligation to sell up to $300M of additional shares of its common stock to Tumim, subject to certain limitations. Purchase notices may be issued to Tumim over the period commencing from the date of the purchase agreement and ending on the first day of the month following the 36-month anniversary. The shares will be issued at a 3% discount to the three-day forward volume-weighted average price from the date a purchase notice is issued. Nikola issued Tumim 252,040 shares of common stock as consideration for Tumim's irrevocable commitment to purchase Nikola common stock under the new purchase agreement.
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CYTH | Hot Stocks08:09 EDT Cyclo Therapeutics appoints Lise Lund Kjems as chief medical officer - Cyclo Therapeutics announced the appointment of Lise Lund Kjems as chief medical officer. Gerald Cox who has served as the company's acting chief medical officer in a consultant role since March, has been appointed to the company's scientific advisory board, or SAB. Kjems is a medical executive with over 20 years of preclinical and clinical development experience.
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NMRD | Hot Stocks08:08 EDT Nemaura Medical announces commercial agreement with UK Licensee - Nemaura Medical announces that it has signed a global commercial contract with MySugarWatch DuoPack. Under terms of the deal, the CGM and sensors will be provided as Duo-Packs with prescription only medicines that are widely prescribed for people with Type 2 diabetes. The initial Duo-Pack presentation will be launched as the first of these medicines loses its patent protection from Q4 2022. MSW-DP has been granted global rights to the sugarBEAT non-invasive continuous glucose monitor devices and sensors, to be provided solely as Duo-Packs with these medicines, under the terms of the agreement, which Nemaura will sell to MSW-DP under the license agreement. The prescribed medicines are designed to help control and manage Type 2 diabetes, and the CGM and sensor packs will be provided to the patient along with the medicine to help support patient care. The agreement spans all major global territories, with the first launch planned in the UK in Q4 2022, and all major EU territories thereafter. In anticipation of closing the contract with MSW-DP, and given the lengthy lead times on electronic components, Nemaura placed orders for 200,000 CGM devices in July 2021. Each patient is expected to receive a pack of four sensors each month. Thus, the Company would expect to supply 800,000 sensors each month to service just these initial 200,000 devices, assuming all 200,000 devices are placed in the hands of patients and are used as directed. The company is preparing to be able to fulfill orders to support MSW-DP for a Duo-Pack launch in Q4 of 2022. Importantly, this contract does not preclude the direct sales of sugarBEAT sensors in any territories by Nemaura, and the Company expects to have a parallel direct-to-consumer offering of the sensors in those markets where the CE Mark is accepted.
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ATNX | Hot Stocks08:08 EDT Athenex announces phased European launch of Klisyri - Athenex announced that its partner, Almirall, has launched Klisyri in Germany and the UK. Klisyri received approval by the European Commission and the UK Medicines & Healthcare products Regulatory Agency in July and August of 2021, respectively, for the topical treatment of actinic keratosis of the face and scalp in adults. Tirbanibulin is a novel, topical first-in-class microtubule inhibitor with a selective antiproliferative mechanism of action that we believe represents a significant step forward in the treatment of AK due to its short treatment protocol, proven efficacy, and safety profile. Under the terms of the license agreement with Almirall, Athenex is eligible to receive up to $45M in milestone payments associated with launch and expansion into additional indications. The Company is also eligible to receive additional sales-related milestone payments. The terms of agreement included tiered royalties payable to Athenex starting at 15%, based on annual net sales. Athenex also has strategic partnerships for tirbanibulin with Seqirus Pty Ltd, a subsidiary of CSL Limited in Australia and New Zealand, PharmaEssentia for Japan and Taiwan, and Xiangxue Pharmaceuticals in China.
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LMT | Hot Stocks08:08 EDT Lockheed Martin, Pentagon agree to F-35 production rebaseline - The F-35 Joint Program Office and the Lockheed Martin industry team have agreed on an F-35 production rebaseline that ensures predictability and stability in the production process while recovering the aircraft shortfall realized over the last year during the COVID-19 pandemic. With this agreement, Lockheed Martin is scheduled to deliver 133-139 aircraft this year, 151-153 aircraft in 2022 and anticipates delivering 156 aircraft beginning in 2023 and for the foreseeable future.
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TTEC | Hot Stocks08:06 EDT TTEC Holdings raises semi-annual dividend 9.3% to 47c per share - TTEC Holdings announced that on September 22, its Board of Directors declared a cash dividend of 47c per common share to be paid on October 22 to shareholders of record as of October 8. This semi-annual dividend represents a 9.3% increase over the dividend paid in April 2021 and 17.5% increase over the dividend paid in October 2020.
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PAE | Hot Stocks08:06 EDT PAE defends protest, retains position on Air Force IDIQ, task order award - PAE retained its position on the U.S. Air Force Rotary Wing Maintenance Contract Consolidation contract vehicle as the U.S. Government Accountability Office dismissed a bid protest raised by a competitor. The indefinite delivery, indefinite quantity contract vehicle has a ceiling value of $835 million and a 10-year period of performance. The resolution also permitted the Air Force to reinstate an initial five-year task order awarded to PAE on the contract, valued at $84.3 million, to support helicopter maintenance for training missions with the Air Education and Training Command at Kirtland Air Force Base in Albuquerque, New Mexico. PAE Interim President and CEO Charlie Peiffer said the Air Force's award decision highlights the strength of the PAE's wide-ranging fleet management capabilities and longstanding support for the critical needs of the U.S. Air Force. PAE is one of five large business contractors awarded a seat on the contract vehicle that also includes three small business awardees. The program consolidates Air Force helicopter programs for the full-time availability of mission-capable aircraft and includes functional check flights, aircrew flight equipment and the maintenance of light caliber weapons and defensive systems. PAE serves as the prime contractor on the task order and will support the maintenance and repair of Air Force helicopters and associated engines, as well as provide mission support equipment, technical support and aircrew services in support of flight crew training missions at Kirtland Air Force Base.
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CDTX | Hot Stocks08:05 EDT Cidara Therapeutics to present new Rezafungin data at IDWeek 2021 - Cidara Therapeutics announced that it will present new clinical and non-clinical data in three on-demand poster presentations, including data on rezafungin clinical safety and pharmacokinetics in people with hepatic impairment, at IDWeek taking place virtually from September 29-October 3, 2021. Rezafungin is a novel once-weekly echinocandin currently being studied in Phase 3 trials for the treatment and prevention of serious fungal infections, including in critically ill patients. Cidara expects to announce top-line data from its Phase 3 ReSTORE trial by the end of 2021 and anticipates filing a New Drug Application in the U.S. and similar regulatory filings outside the U.S. in mid-2022.
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SEAC TMTS | Hot Stocks08:05 EDT SeaChange appoints Peter Aquino as President, CEO - SeaChange International (SEAC) has appointed Peter Aquino as the company's new President and Chief Executive Officer effective today. Aquino brings to SeaChange more than 30 years of experience in the technology, media, and telecommunication industry. Aquino joins SeaChange International following a tenure at Spartacus Acquisition (TMTS), a special purpose acquisition company, where he currently serves as Chairman and CEO. Aquino is expected to continue to serve as Spartacus AC's Chairman and CEO until its business combination with NextNav closes, and he expects to join the board of NextNav upon the close of the business combination.
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TVTY | Hot Stocks08:05 EDT Tivity Health announces $100M share repurchase program - Tivity Health announced that its Board of Directors has authorized a $100M share repurchase program.
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SYRS | Hot Stocks08:05 EDT Syros Pharmaceuticals appointment of Conley Chee as Chief Commercial Officer - Syros Pharmaceuticals announced the appointment of Conley Chee as the company's first Chief Commercial Officer. Mr. Chee brings 20 years of pharmaceutical sales leadership, marketing and strategy experience in the U.S. and globally, with particular expertise in driving commercial strategy for novel medicines for the treatment of cancer. "We are pleased to welcome Conley to Syros. With multiple programs progressing through late-stage development and towards potential new drug applications in 2024, now is the right time to begin building our commercial organization," said Nancy Simonian, M.D., Chief Executive Officer of Syros. "Conley brings a wealth of relevant experience in oncology commercial leadership, including a track record of building effective commercial organizations and successfully launching new targeted therapies. We look forward to his many contributions as we mature Syros into a fully integrated biopharmaceutical company and work to deliver our medicines to patients in need." "Syros' growing portfolio of later-stage targeted investigational medicines has the potential to offer new standards of care to people with hematologic malignancies who need and deserve better treatment options," said Mr. Chee. "I look forward to working with the leadership team to develop a commercial strategy that maximizes synergies across Syros' portfolio to bring products to market and profoundly impact the lives of patients."
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STMH | Hot Stocks08:04 EDT Stem Holdings announces license to open distribution hub in Mendota, California - Stem Holdings announced that it has received a non-storefront license to open a distribution hub in Mendota, located in the county of Fresno, enabling it to provide better service to consumers with its Budee e-commerce platform in four key counties in Northern California, home to 2.3 million residents. This expansion is expected to drive topline sales with greater efficiency, as the Company anticipates savings of up to $1 million in operating expenses including, but not limited to, gross receipt taxes over the next eighteen months. The Mendota facility will have a fixed tax rate that is 3% lower than the Company's Oakland facility, representing approximately 25% of the total savings afforded by this facility. In October 2021, the Company plans for the Mendota hub to become operational through a new 2,000 square foot facility, which will be dedicated to delivery service in 60 minutes or less. The city of Fresno is planning to license up to 21 retail dispensaries, the first since legalization, by the end of this year. Budee maintains its unique position as a legal delivery service already reaching 92% of California's population and is poised to service the Fresno market.
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KRA | Hot Stocks08:04 EDT Kraton to be acquired by DL Chemical Co. in $2.5B transaction - Kraton announced that it has entered into a definitive merger agreement pursuant to which DL Chemical Co., a subsidiary of DL Holdings Co., will acquire 100% of Kraton in an all-cash transaction implying an enterprise value of approximately $2.5B. Under the terms of the Merger Agreement, Kraton stockholders will receive $46.50 in cash for each share of Kraton common stock they own. As part of the transaction DL Chemical has conveyed that they have fully committed financing. The Merger Agreement was unanimously approved by Kraton's Board of Directors, which has recommended that Kraton stockholders vote in favor of the transaction. The acquisition is subject to certain customary closing conditions, including the receipt of stockholder and regulatory approvals, and is expected to close by the end of the first half of 2022.
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TWST CYTX | Hot Stocks08:03 EDT Twist appoints Dennis Cho as chief ethics and compliance officer - Twist Bioscience (TWST) announced the appointment of Dennis Cho as senior vice president, general counsel and chief ethics and compliance officer. Cho brings more than 25 years of corporate legal experience, most of which has been in the biotech industry. Cho was most recently assistant general counsel at CytomX Therapeutics (CYTX), where he was department head for all deals and contracts as well as day-to-day lead on compliance and numerous other legal subject matters.
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BKYI | Hot Stocks08:03 EDT BIO-key launches FID02 compliant security keys in variety of form factors - BIO-key International announced the immediate availability of an all-new lineup of BIO-key cryptographic security keys compliant with the FIDO2 authentication standard. FIDO2 is the industry's "something you have" authentication standard addressing the global password problem, standardizing the way applications confirm a person's possession of a cryptographic hardware key. BIO-key FIDO-keys, an affordably priced FIDO2 security key lineup, offer USB-A, USB-C, NFC, and iOS Lightning compatibility along with FIPS 140-2 certified options with on-device biometric verification, all backed by BIO-key's US-based support and integration team.
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VCTR | Hot Stocks08:03 EDT Victory Capital approves plan to eliminate Dual-class share structure - Victory Capital Holdings announced that its Board of Directors has approved amendments to its corporate charter and bylaws to eliminate the Company's dual-class share structure. The charter amendment is subject to shareholder approval at a Special Meeting of Stockholders scheduled for November 19. David Brown, Chairman and CEO of Victory Capital, said, "We believe all shareholders will benefit from the elimination of the dual-class share structure by aligning voting rights with the economic interests of all shareholders. Simplifying the Company's capital structure such that all shareholders of the Company own a single class of common stock will also reduce the cost and complexity associated with the Company's current capital structure. Furthermore, this change is likely to enhance index eligibility for our shares and broaden investor appeal to both active and passive investors, which may expand the Company's shareholder base." Currently, the Company has two classes of common stock: Class A common stock and Class B common stock. The rights of the holders of Class A and Class B shares are identical, except voting and conversion rights. Each Class A share is entitled to one vote, and each Class B share is entitled to ten votes. The Class B shares are currently convertible at any time, at the option of the holder, into one Class A share. The Company will file a preliminary proxy statement for a special meeting of stockholders to be held on November 19, 2021. The largest holders of the Company's Class B shares, as well as the Company's Employee Shareholders Committee, which collectively control a majority of the Company's voting power, have indicated their intent to vote in favor of the proposal eliminating the dual-class share structure. Upon approval of the charter amendment, each Class B share would convert into one Class A share.
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RARE | Hot Stocks08:02 EDT GeneTx, Ultragenyx announce removal of clinical hold on GTX-102 Phase 1/2 study - GeneTx Biotherapeutics LLC and Ultragenyx Pharmaceutical announced that the U.S. Food and Drug Administration has removed the clinical hold and GeneTx may begin dosing naive patients in the Phase 1/2 study of GTX-102 in pediatric patients with Angelman syndrome. GeneTx previously received clearance, under a separate amendment, to begin the Phase 1/2 study in the United Kingdom and Canada. The Phase 1/2 open-label, multiple-dose study evaluates the safety, tolerability, and plasma and cerebrospinal fluid concentrations of GTX-102 in pediatric patients with Angelman syndrome with a genetically confirmed diagnosis of full maternal UBE3A gene deletion. Naive Patient Dose-loading Phase Under the amended U.S. protocol, eight patients who were not previously treated with GTX-102 will be enrolled into two groups, an active group and an age-matched comparator group. The active group will receive four monthly 2 mg doses of GTX-102, while the comparator group will have limited assessments at baseline and Day 128. Patients in the comparator group will then be eligible to receive GTX-102 under the same dosing strategy as the active group. Maintenance Phase All U.S. patients who have completed the dose-loading phase will then move to a maintenance phase during which they will receive 2 mg of GTX-102 every three months and continue to be monitored for response and safety.
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KRA | Hot Stocks08:01 EDT Kraton to be acquired by DL Chemical Co. in $2.5B transaction
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FB | Hot Stocks07:57 EDT Instagram pausing work on 'Instagram Kids' - Instagram head Adam Mosseri said in a blog post: "We wanted to provide an update on our work to build an Instagram experience for people under the age of 13, often referred to as 'Instagram Kids.' We started this project to address an important problem seen across our industry: kids are getting phones younger and younger, misrepresenting their age, and downloading apps that are meant for those 13 or older. We firmly believe that it's better for parents to have the option to give their children access to a version of Instagram that is designed for them - where parents can supervise and control their experience - than relying on an app's ability to verify the age of kids who are too young to have an ID.While we stand by the need to develop this experience, we've decided to pause this project. This will give us time to work with parents, experts, policymakers and regulators, to listen to their concerns, and to demonstrate the value and importance of this project for younger teens online today. Critics of 'Instagram Kids' will see this as an acknowledgement that the project is a bad idea. That's not the case. The reality is that kids are already online, and we believe that developing age-appropriate experiences designed specifically for them is far better for parents than where we are today." Reference Link
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CYTO | Hot Stocks07:55 EDT Altamira Therapeutics provides update on Bentrio program - Altamira Therapeutics provided a business update on Bentrio , its nasal spray for protection against airborne viruses and allergens. Bentrio was launched first in Germany under CE mark in late July and subsequently also in Austria. During the initial launch stage, the nasal spray product has been marketed solely through leading online pharmacies, supported by digital campaigns combined with classic instruments. The Bentrio.com website is currently receiving approximately 2,500 visitors per day in Germany, and traffic is continuing to grow. Promotional activities are being progressively expanded to further European countries. In the next phase of the European launch of Bentrio starting in Q4 , the Company will also target traditional 'brick-and-mortar' pharmacy stores. With the goal of accessing the large potential U.S. market for Bentrio the Company has recently submitted a 510 premarket notification to the FDA. The claimed use for Bentrio is the treatment of hay fever and allergy sufferers by promoting alleviation of mild allergic symptoms triggered by the inhalation of various airborne allergens. These include indoor and outdoor environmental pollens, house dust, animal hair and dust mites. Once cleared, the Company anticipates partnering Bentrio for the U.S. market rather than commercializing it there on its own. Altamira also sees significant business development opportunities for Bentrio in international markets. In that regard, the Company recently executed letters of understanding with distributors in two key Southeast Asian countries, with national registrations being initiated. Based on a growing number of leads and strong interest in the product, Altamira expects to expand the geographic footprint for Bentrio rapidly through agreements with additional distributors.
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AYRWF | Hot Stocks07:39 EDT Ayr Wellness opens new dispensary in Port Richey, Florida - Ayr Wellness announced the opening of Liberty Health Sciences Port Richey, the Company's 42nd operating dispensary in Florida. The dispensary is located at 9314 US Highway 19, Port Richey, Florida, 34668 within Pasco County, which is home to a population of 560,000 people, according to the 2020 U.S. Census. The store brings LHS to the Gulf Coast city, which attracts visitors from throughout Florida and the U.S. for its lush landscapes and well-known 8,300-acre wilderness park. The new location features LHS's expanded selection of flower strains, in addition to the Company's recently launched Origyn concentrates, Big Pete's Cookies and Secret Orchard vape cartridges.
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IBIO | Hot Stocks07:38 EDT iBio continues to develop IBIO-400 Classical Swine Fever Vaccine - In July 2021, the Company reported robust, antigen-specific, memory T-cell responses from preclinical studies of IBIO-202. In September 2021, iBio submitted a pre-IND package for IBIO-202 with the expectation that a nucleocapsid-based protein subunit vaccine could address several unmet needs that remain with first-generation vaccines targeting the spike protein. The Company is continuing to develop its Classical Swine Fever Vaccine, IBIO-400, while concurrently seeking regulatory clearances for the animal health markets.
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IBIO | Hot Stocks07:37 EDT iBio discontinues development of discovery-stage ACE2-Fc project - In June 2021, iBio established a new drug discovery team based in San Diego. In July 2021, iBio added three new antibody programs to its oncology drug discovery pipeline. In August 2021, the Company signed a definitive worldwide exclusive license agreement with RubrYc Therapeutics, Inc., for a monoclonal antibody candidate designed to deplete immunosuppressive regulatory T cells from the tumor microenvironment. Additionally, iBio acquired an equity stake in RubrYc along with an option to license antibodies developed with RubrYc's artificial intelligence-based antibody discovery platform. iBio continues pre-clinical development of IBIO-100. The Company expects to initiate IND-enabling studies during FY2022. For regulatory and business reasons, the Company discontinued development of its discovery-stage ACE2-Fc project.
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CRNX | Hot Stocks07:36 EDT Crinetics to present parathyroid receptor antagonist program at ASBMR meeting - Crinetics Pharmaceuticals announced its intent to develop a nonpeptide oral parathyroid hormone, or PTH, receptor antagonist for the treatment of hypercalcemia associated with primary hyperparathyroidism, or HPT, and other diseases of PTH receptor type 1, or PTHR1, over-activation. Details of the preclinical efforts supporting this newly disclosed program will be presented in a late-breaking poster at the upcoming annual meeting of the American Society for Bone and Mineral Research, or ASBMR, which is being held October 1-4, 2021. "Like all our product candidates, our family of novel PTHR1 antagonists are small molecules generated through our in-house discovery efforts. They are designed to specifically block PTHR1, which positions them to potentially address all conditions of excess PTH, whether it's primary hyperparathyroidism due to parathyroid tumors or hyperplasia; secondary hyperparathyroidism due to chronic kidney disease; or malignancy-associated hypercalcemia," stated R. Scott Struthers, Ph.D., founder and chief executive officer at Crinetics. "This is our first presentation at ASBMR, and I am eager to discuss our new program with this scientific community. It represents an important expansion of our pipeline and an opportunity to broaden the reach of our drug development efforts to multiple large patient populations with high unmet need."
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IBIO | Hot Stocks07:36 EDT iBio sees sequential decline in revenue during 1H22 vs. 2H21 - Based upon the current outlook, iBio expects a sequential decline in revenue during the first half of fiscal 2022 compared to the second half of fiscal 2021, followed by higher growth in the second half of fiscal 2022. Irrespective of quarterly fluctuations, continued year-on-year revenue growth is anticipated as the Bioprocess businesses continue to attract interest from organizations wishing to rapidly develop biologics using more sustainable manufacturing methods.
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IBIO | Hot Stocks07:35 EDT iBio expects cash to fund operations through 1Q23 - iBio had $97.0 million in cash, marketable securities, and investments in debt securities as of June 30, 2021. iBio used $30.1 million in net cash for operating activities in fiscal 2021 versus net cash used in operating activities of $13.3 million in 2020. Based on current plans, iBio believes the current cash position is sufficient to fund operations through the first calendar quarter of 2023.
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ITCI | Hot Stocks07:34 EDT Intra-Cellular announces publication of Phase 3 study of lumateperone - Intra-Cellular Therapies announced the publication of the results from its lumateperone monotherapy Phase 3 clinical trial. The article, "Efficacy and Safety of Lumateperone for Major Depressive Episodes Associated with Bipolar I or Bipolar II Disorder: A Phase 3 Randomized Placebo-Controlled Trial," was published online in The American Journal of Psychiatry and is available here. "We are excited about the robust results seen across our bipolar depression program. The study reported on today, Study 404, our monotherapy study, along with Study 402, our adjunctive study with lithium or valproate form the basis of our supplemental NDAs under FDA review. If approved, we plan to to launch immediately and look forward to bringing CAPLYTA to market for the treatment of bipolar depression," said Dr. Sharon Mates, Chairman and CEO of Intra-Cellular Therapies. Study 404 assesed the efficacy and safety of lumateperone as monotherapy in patients with bipolar I or bipolar II disorder experiencing a major depressive episode. This global study randomized 381 patients with moderate to severe depression symptoms to receive placebo or lumateperone 42 mg for 6 weeks. The primary endpoint was the efficacy of 42 mg/day of lumateperone compared with placebo, measured by mean change from baseline to day 43 in Montgomery-Asberg Depression Rating Scale Total Score. In this clinical trial, treatment with lumateperone resulted in a substantial reduction in depressive symptoms. lumateperone 42mg was associated with a statically significant greater reduction in MADRS score from baseline to day 43. Lumateperone 42 mg significantly improved MADRS Total Score compared with placebo as early as week 1, the first time point measured, with continuing improvement throughout the study. Additionally, significant improvement in MADRS Total Score in the lumateperone group compared with placebo group at Day 43 was observed both in patients with bipolar I disorder and in those with bipolar II disorder. Improvements were also seen in important secondary endpoints. Lumateperone 42 mg met the key secondary endpoint of statistically significant improvement on the CGI-BP-S Total Score and on the CGI component that specifically assesses depression. Results support the favorable safety and tolerability profile of lumateperone. The most commonly reported adverse events occurring for lumateperone 42mg in greater than5% of patients and twice the rate in the placebo group were somnolence and nausea.
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NAVB | Hot Stocks07:32 EDT Navidea appoints Michel Mikhail Ph.D as Chief Regulatory Officer - Navidea Biopharmaceuticals announced the appointment of Michel Mikhail, Ph.D. as Chief Regulatory Officer of Navidea, effective October 1. Dr. Mikhail has more than 30 years of experience in the pharmaceutical industry and a track record of achievement in R&D and international regulatory affairs at large multinational research-based pharmaceutical companies. Prior to joining Navidea, Dr. Mikhail worked in global regulatory consulting for various pharmaceutical and biotech companies from January 2016 through September 2021.
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NEPT NAII | Hot Stocks07:32 EDT Neptune Wellness names Randy Weaver as Interim CFO - Neptune Wellness Solutions (NEPT) announced the appointment of Randy Weaver as Interim CFO while retaining Dr. Toni Rinow as COO. Weaver was previously the President and CFO of Natural Alternatives International (NAII).
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MBXBF | Hot Stocks07:20 EDT Microbix Biosystems presenting product results at AACC - Microbix Biosystems announces that it has been invited to present about the performance of its COVID-19 test quality assessment products at "AACC" the annual scientific meeting & clinical laboratory exposition of the American Association of Clinical Chemistry, taking place in live and virtual formats from Atlanta, GA, September 26-30, 2021. The abstract poster presentation is titled "Advanced SARS-CoV-2 Variants of Concern whole genome materials for use as verification, external quality assessment and prospective quality control samples." It reviews the performance of Microbix's novel, innovative, and proprietary PROCEEDx FLOQ branded QAPs, formatted on Copan FLOQ Swabs and room-temperature stable, for use to help verify the performance of nucleic acid amplification tests that detect SARS-CoV-2 and variants of concern. Results reported relate to the B.1.1.7, B.1.351, P.1, and WT variants, formerly known as the UK, South African, Brazilian, and Wuhan strains. The results demonstrate that these Microbix QAPs are compatible with over 20 widely-used COVID-19 NAATs, including those that can detect and differentiate VOCs. Such results continue to demonstrate how Microbix is addressing the need for workflow controls to effectively support the quality objectives of testing for SARS-CoV-2 variants of concern, as for all forms of testing relating to the pandemic. The overall Microbix QAPs portfolio now comprises more than 70 distinct products across multiple categories of infectious diseases, test types, and test formats. The abstract presentations were co-authored by ten members of Microbix's product development, operating, and customer support teams, led by Pavel Zhelev, Director of Product Management, and Dr. Amer Alagic, Director of R&D.
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STRC ROT | Hot Stocks07:18 EDT Sarcos Technology and Robotics to commence trading on Nasdaq - Sarcos Technology and Robotics Corporation (STRC) announced that its common stock and warrants have been approved for trading on the Nasdaq Global Market under the ticker symbols "STRC" and "STRCW," respectively. Trading is expected to commence on Nasdaq on Monday, September 27, 2021. On September 15, 2021, the Sarcos business combination with Rotor Acquisition Corp. (ROT), a publicly-traded special purpose acquisition company, was approved by Rotor's stockholders. Rotor's publicly traded common stock and warrants were de-listed from the New York Stock Exchange when the transaction closed on September 24, 2021. Sarcos believes that the capital raised from the business combination is sufficient to fund its current business plan and has no intention of raising additional capital at this time. In accordance with its contractual obligations and as previously disclosed, the company will file a registration statement covering the offer and resale of the shares issued to PIPE investors as soon as practicable.
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ADCT | Hot Stocks07:16 EDT ADC Therapeutics doses first patient in ADCT-901 trial - ADC Therapeutics announced the first patient has been dosed in the Phase 1 clinical trial evaluating ADCT-901, targeting kidney associated antigen 1 in patients with selected advanced solid tumors with high unmet medical needs.
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PRMNF | Hot Stocks07:16 EDT Prime Mining provides update on exploration during Q1 - On May 25th, the Company announced drilling results from the Guadalupe East and Zapote South deposits. On June 28th, the Company reported results from the first holes drilled into a major new discovery, Mina 20/21, located 1.3 kms northeast of the Guadalupe East deposit. On July 12th, the Company reported new drill results from seven additional core holes at Noche Buena. These drill holes confirm the expansion of mineralization at Noche Buena both down-dip and along strike beyond the current inferred category resource boundary. Additionally, the drilling added silver assay data to the resource in areas where it was not recorded by prior operators. Silver is expected to be a major by-product credit in any future mining operation. On June 28th, the Company made a final payment to Vista Gold Corp. of US$1.M that completed the purchase of Los Reyes and removed the back-in and royalty rights to Los Reyes previously held by Vista Gold Corp. On August 4th, Prime reported discovery of gold-silver zones of the Fresnillo Structure in the San Miguel East pit-constrained resource area and the expansion of its mineralized zone both down dip and along strike. Additional drill results also revealed an extensively mineralized system at a potential new deposit area called Las Primas, located between the Guadalupe East and Noche Buena deposits. On August 30th Prime reported that 19,040,256 common share purchase warrants, with an exercise price of C$0.50 issued on August 28, 2019, have now been fully exercised resulting in 112,059,038 common shares being issued and outstanding in the Company. The exercise generated gross proceeds of $9.52 M, resulting in the Company's cash position exceeding $31.9 M. On September 8th, the Company reported high-grade drill results that expand the open-pit potential of Guadalupe East. The three historic main veins and multiple mineralized splays encountered to-date all remain open at depth and along strike. Drilling has now defined the Guadalupe East veins over 420 metres incorporating current and previous drilling. Adding known historical underground workings, the total strike length of the Guadalupe East vein system is 1,000 m. Exploration Update Planning is underway for the Phase II drill program to commence after the rainy season which typically ends in early November. Three drills are operating at Zapote South and Noche Buena, where road access can be maintained in what has been a wet, rainy season. A total of 101 core holes 21,409 m have been drilled as part of Prime's expanded Phase I program, building an inventory of data to report in coming weeks and months as the ongoing expansion of these two deposits continues. Covid Update To-date COVID has not had a material effect on the Company's exploration teams and with Vaccines increasingly available in Mexico, we hope that the effect of the pandemic within our team and our communities will continue to diminish. Grant of Options In connection with the board and management additions, and pursuant to its Stock Option Plan, Prime granted stock options to key employees to purchase an aggregate of 2,210,000 common shares of the Company for a period of 5 years from the grant date. The majority of the stock options granted will vest 1/3 immediately as of the date of grant; 1/3 six months after the date of the grant; and 1/3 twelve months after the date of the grant. The remaining 600,000 stock options will vest 1/3 after six months, 1/3 after twelve months, and 1/3 after eighteen months. This stock option grant is subject to acceptance by the TSX Venture Exchange.
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CDNA | Hot Stocks07:14 EDT CareDx presents latest data on AlloSeq portfolio at ASHI 2021 - CareDx announced that it will share the latest data on AlloSeq Tx17 and AlloSeq HCT at the 47th annual meeting of The American Society for Histocompatibility and Immunogenetics, or ASHI. CareDx continues a tradition of leading scientific research at ASHI 2021 with 8 scientific presentations or posters featuring AlloSeq HCT and AlloSeq Tx17 hybrid-capture technology: Gene copy number estimation from hybrid capture assays detect the likelihood of an MHC haplotype with a duplicated MHC beta block; "The complex role of mica residue 129 dimorphism in hematopoietic stem cell transplantation;" "Leukemia relapse with greater than99% donor t cells and newly emerging recipient myeloid cells---immune escape;" "Detection of a complex novel alleles by gene target enrichment with hybrid capture;" "HLA-G, -H typing provides insights into MHC alpha block diversity: Implications for unrelated HCT, MHC disease association and MHC evolution;" "Matching across the blocks: HLA Class 1b and MICA/MICB genotyping reveal additional MHC mismatches in conventionally HLA matched HCT donor/recipient pairs;" "Homozygous or heterozygous, that is the question;" and "Rare genetic alterations in HLA genes and their impact on clinical HLA typing." "At CareDx, we are proud to drive continued innovation and development in the transplant space. AlloSeq HCT is a transformative solution in chimerism testing, while AlloSeq Tx17 has changed the HLA typing landscape with our hybrid capture technology and is now a leading NGS solution for HLA laboratories," said Reg Seeto, CEO at CareDx. "We are glad to continue supporting ASHI in delivering new solutions and data that can improve transplant patient care."
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CMMB | Hot Stocks07:14 EDT Chemomab Therapeutics announces collaboration with Leeds University - Chemomab Therapeuticsy announced a research collaboration with Leeds University to further study the role of CCL24 in the vascular damage associated with systemic sclerosis, a rare rheumatic disease with high morbidity and mortality. The collaboration will be led by Francesco Del Galdo, MD, PhD, Professor of Experimental Medicine at the University of Leeds and Head of the Scleroderma Program at the Leeds Musculoskeletal Biomedical Research Centre. Prof. Del Galdo is a recognized expert in the study of SSc and other rheumatic conditions.
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CSCW | Hot Stocks07:13 EDT Color Star Technology unit poised to launch sports-related NFT products - Color Star Technology announces that its wholly-owned subsidiary, Color China, is ready to launch sports-related NFT products in October this year. As an entertainment technology company, Color Star will establish new collaborations with world renowned athletes in the field of entertainment. Color Star's global celebrity interactive platform, Color Star APP, has signed cooperation agreements with many global athletes such as Shaquille O'Neal and David Villa, who will be featured on the Color Star platform and available to interact with users globally. The Company is also cooperating with leading athletes from different sports fields to launch NFT products related to those athletes. The first set of products will include jerseys and Tourbillon watches designed by the athletes and exclusive training videos, among others. Color Star believes the creation of these celebrity products will continue to contribute to the Company's copyright capacities.
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PRMNF | Hot Stocks07:12 EDT Prime Mining appoints Edie Hofmeister to board, Scott Smith as VP, exploration - Prime Mining is pleased to announce the appointment of Ms. Edie Hofmeister to the board of directors and Mr. Scott Smith as Executive Vice President - Exploration, replacing Mr. Kerry Sparkes who will reduce his workload. Mr. Sparkes will continue as a key advisor to the Company. Effective October 1, 2021, Mr. Smith will assume full responsibility for the Company's exploration activities. Prime is also pleased to provide an update on exploration and a report to shareholders concerning Q1 2022. Ms. Hofmeister is an attorney who has counseled large and small multi-national extractive companies on legal and ESG matters for over twenty years. Most recently she served as EVP Corporate Affairs and General Counsel of Tahoe Resources Inc. where she headed the Legal, Sustainability and Government Affairs Departments, as it moved from a small junior explorer to a mid-cap producer. Smith is a registered professional geologist, a Qualified Person and has over 25 years of experience in mine production, exploration, mine start-up and advanced projects at world class operating mines, brownfield and greenfield situations in Canada, the United States, Peru and Chile. Scott recently worked as Chief Geologist for Taseko Gibraltar Mines Ltd. where he was responsible for managing geology, geotechnical, de-watering, grade control, reserve reconciliation and conversion, exploration, performance standards, QA/QC for both production and exploration.
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MKTX | Hot Stocks07:12 EDT MarketAxess extends global fixed income trading network to China's Bond Market - MarketAxess announced the launch of a new trading channel for its global investors to access the China Interbank Bond Market, CIBM. Access is via the connection between CFETS and MKTX under the Bond Connect and CIBM Direct schemes, in partnership with China Foreign Exchange Trade System, or CFETS. and Bond Connect Company Limited, or BCCL. "This launch is the result of a close partnership between MarketAxess and CFETS that aims to enhance investor experience in the China interbank market," said Rick McVey, Chairman and CEO of MarketAxess. "I'm delighted that together we're able to bring greater, more diverse global investor participation to the $15trn onshore bond market, and I'm excited to think of the many opportunities for collaboration that lie ahead." MarketAxess clients will be able to trade directly with onshore market makers via CFETS, using MarketAxess trading protocols such as Request-for-Quote and list trading functionality. The addition of the China interbank market extends MarketAxess' leading global fixed income trading coverage, which reached $669 billion in total credit trading volume in the second quarter. It also further enhances the firm's leadership in emerging markets debt, which currently covers over 27 local-currency bond markets and more than 1,800 trading participants through the Open Trading all-to-all ecosystem.
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BHVN | Hot Stocks07:11 EDT Biohaven Pharmaceutical provides update on Phase 3 trial of verdiperstat in MSA - Biohaven Pharmaceutical announced results from a focused analysis of a clinical trial of verdiperstat in multiple system atrophy. Verdiperstat did not statistically differentiate from placebo on the prespecified primary efficacy measure, nor on the key secondary efficacy measures. Initial analysis of safety data was consistent with the overall profile of verdiperstat from prior clinical trial experience. Additional analyses are still pending, and full study results will be presented at an upcoming scientific meeting.
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BMY | Hot Stocks07:11 EDT Bristol-Myers announces FDA acceptance of Opdivo sBLAs - Bristol Myers announced that the FDA has accepted the supplemental biologics license applications, or sBLA, for both Opdivo in combination with Yervoy and Opdivo in combination with fluoropyrimidine- and platinum-containing chemotherapy as first-line treatments for adult patients with unresectable advanced, recurrent or metastatic esophageal squamous cell carcinoma, or ESCC, based on results from the CheckMate -648 trial. The FDA assigned a Prescription Drug User Fee Act goal date of May 28, 2022.
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RWBYF | Hot Stocks07:11 EDT Red White & Bloom Brands refinances $19M of short-term debt - Red White & Bloom Brands announced that it has completed a refinancing of an aggregate principal amount of $18,620,000 debentures previously issued to an arm's-length investor. The Prior Debentures were replaced with a new debenture in the principal amount of $19,370,020. The New Debenture is unsecured, bears interest at the rate of 10% per annum, which accrues and is payable on the maturity date of January 21, 2023. The New Debenture is payable in full on a change of control.
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OFIX | Hot Stocks07:10 EDT Orthofix announces 60,000 + M6-C artificial cervical discs implanted worldwide - Orthofix Medical announced that more than 60,000 M6-C artificial cervical discs have been implanted worldwide. The implant is a next-generation artificial disc designed to mimic the natural motion of a native disc. Developed to replace an intervertebral disc damaged by cervical disc degeneration, the M6-C disc is indicated as an alternative to cervical fusion. First approved for distribution under the CE Mark in the European Union and other international geographies, the M6-C disc received U.S. Food and Drug Administration approval in 2019. The M6-C artificial cervical disc is continuing to establish a market-leading position globally with more than 60,000 devices implanted worldwide," said Orthofix President of Global Spine Kevin Kenny. "We are pleased to see the continued adoption of this state-of-the-art technology as our international success translates into the U.S. market." The M6-C disc is comprised of an artificial visco-elastic nucleus and fiber annulus. Like a natural disc, this unique construct allows for shock absorption at the implanted level and provides a controlled range of motion as the spine bends and translates in multiple planes. The M6-C disc is the only such device available in the U.S. with these features.
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PSEC | Hot Stocks07:10 EDT Prospect Capital says preferred stock offerings exceeded $350M - Prospect Capital announced that Prospect's preferred stock offerings have exceeded $350 million in aggregate liquidation preference issuances since the initial closing in the quarter ending December 31, 2020. "Prospect's Preferred Stock continues to gain broad distribution traction across institutional, registered investment advisor, wirehouse, and independent private wealth investor channels, with significant demand due to the Preferred Stock's investor-friendly attributes that include credit support, liquidity, and income," said Grier Eliasek, President of Prospect.
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RCAT | Hot Stocks07:10 EDT Red Cat subsidiary receives five-year contract with NASA - Red Cat Holdings announces its subsidiary, Skypersonic, has been awarded a five-year contract with NASA to provide drone and rover software, hardware and support for its Simulated Mars mission.
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RMCF | Hot Stocks07:09 EDT Rocky Mountain Chocolate comments on ISS, Glass Lewis reports - Rocky Mountain Chocolate commented on reports published by Institutional Shareholder Services, or ISS, and Glass Lewis in connection with the election of directors to the RMCF board at the company's 2021 annual meeting of stockholders to be held October 6. "ISS states clearly that the dissident group 'has not disclosed a sufficiently detailed go-forward plan to merit outright control of the Board.' Glass Lewis agrees that RMCF was 'reasonable' in not re-nominating the dissident group's Andrew Berger for election to the Board and notes the lack of new ideas in the dissident's proposals. While we agree with Glass Lewis that the dissident group's nominees Mr. Berger and Ms. Parish are not in the interest of RMCF stockholders, we strongly believe that the Company's six strong nominees have the critical skills, diversity and experience to guide RMCF's transformation strategy. We believe that ISS has relied on misleading statements and slanted information from the dissident group, flawed analysis and ignored its own principles by supporting a dissident group that is seeking majority Board control yet has only presented a superficial and ineffective plan to stockholders. It is even more troubling that ISS would ignore the dissident's own track record of seeking majority Board control, appointing himself as CEO and then overseeing a bankruptcy filing and value destruction. Further, in nearly two years on the RMCF Board, Mr. Berger has failed to propose any significant operational strategies or strategic plan. RMCF stockholders deserve better. Stockholders should be concerned that ISS has twisted itself in knots to accommodate the dissident group, especially in light of the recurring misleading claims, inaccurate statements and clear falsehoods the dissident group is disseminating to the market. In good faith, we have made multiple generous settlement proposals, including proposing to name a mutually agreeable nominee to the Board, all of which have been rejected by the dissident group to instead distract the Company and pursue their self-serving, attention-seeking public contest at stockholders' expense. Remember, Mr. Berger's firm was awarded $290,000 in 2019 and has already filed one baseless lawsuit to try to get his way. This is not stockholder-friendly behavior... RMCF has nominated a slate of strong directors with the mission-critical skills required to support the Company's long-term strategy. The Company's nominees are deeply experienced across e-commerce, product innovation, digital marketing, branding, supply chain and logistics, franchising and accounting and capital markets, all important areas of forward-looking expertise for the Company. RMCF's nominees have public company Board and leadership experience and understand what it takes to lead retail and CPG companies through today's evolving marketplace. RMCF's Board has been significantly refreshed with independent, diverse and strong directors to help guide the Company. We urge all stockholders to vote today on the white proxy card for all of the Company's director nominees."
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BABYF | Hot Stocks07:09 EDT Else Nutrition to launch nutrition products in Canada - ELSE NUTRITION announces that it has developed a wide range of Canada-compliant products, set to launch in Q1 2022. The product range will include baby cereals for 6+ months, a toddler nutrition product, and a line of Children's complete nutrition products. The Canada-compliant offerings are slated to launch online on Else's e-store, as well as other Canadian online retailers and brick and mortar chains.
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NRXP | Hot Stocks07:08 EDT NRx Pharmaceuticals reports 'improved outcomes' from treatment with ZYESAMI - NRx Pharmaceuticals announced top line data demonstrating improved outcomes at one year in highly comorbid patients with COVID-19 who were treated with ZYESAMI. Between June and September 2020, a trial was conducted at a leading tertiary care hospital involving patients with Critical COVID-19 whose level of comorbidity excluded them from the randomized phase 2b/3 clinical trial of ZYESAMI. A statistically significant difference in both survival and recovery from respiratory failure was reported at 28 days. Those findings are soon to be published in a peer-reviewed journal. Participants in this trial have now been followed for one year from initial enrollment. Top-line results show a statistically significant 3-fold advantage in likelihood of being alive at one year post treatment (60% vs. 20%) among those treated with ZYESAMI, in addition to standard of care, compared to those who received the standard of care alone. Assignment to ZYESAMI in the trial was based on the specific medical team which admitted the patient to the intensive care unit. Once in the ICU, all patients were cared for by the same medical team, and according to the same treatment protocols.
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PYR | Hot Stocks07:08 EDT PyroGenesis receives new US patent for destruction of ozone depleting substances - PyroGenesis Canada announces today that the United States Patent and Trademark Office has issued a Notice of Allowance for U.S. Patent No. 11116069, entitled, "High power DC non transferred steam plasma torch system". This new patent covers the company's high power DC steam plasma torch system, and relates to a steam plasma torch assembly wherein superheated steam is used as the main plasma forming gas, thereby resulting in a highly reactive steam plasma plume. The system is then used to destroy ozone depleting substances. This high-power steam torch system is used in PyroGenesis' SPARC technology, a patented PyroGenesis process designed to destroy ozone depleting substances such as end-of-life refrigerants like CFCs, HCFs, and HFCs, which have high global warming potential. "This patent represents a key milestone as we roll out our SPARC technology; a technology which is specifically geared to reducing ozone depleting substances," said P. Pascali, CEO and Chair of PyroGenesis. "Our system has the potential to reduce EOL refrigerants in a significant and efficient manner while at the same time generating a very low carbon footprint. This patent will provide intellectual property coverage and help us secure a leading position as we move forward in commercializing our SPARC technology worldwide."
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HASI | Hot Stocks07:07 EDT Hannon Armstrong announces $100M CarbonCount Green commercial paper note program - Hannon Armstrong Sustainable Infrastructure Capital announced the establishment of a $100M CarbonCount Green Commercial Paper Note Program marking the launch of the first fully Green Commercial Paper program in the United States. BofA Securities, Inc. is acting as the sole dealer and green structuring advisor on the program. Amounts available under the CarbonCoun Green CP Program may be borrowed, repaid and re-borrowed from time to time, with the maximum aggregate face or principal amount of CarbonCount Green Commercial Paper Notes outstanding at any one time not exceeding $100M. The CarbonCount Green Commercial Paper Notes will be sold on terms that are customary for the United States commercial paper market and will be at least equal in right of payment with all of Hannon Armstrong's other unsecured and unsubordinated indebtedness. Payment of the CarbonCount Green Commercial Paper Notes will be supported by a direct-pay letter of credit issued by Bank of America, N.A. Consistent with our investment thesis and Sustainability Investment Policy, Hannon Armstrong only invests in assets that are neutral to negative on incremental carbon emissions or have some other tangible environmental benefit, such as reducing water consumption. We track and report on the impact of all investments utilizing our CarbonCount metric, a proprietary scoring tool for evaluating investments in U.S. based renewable energy, energy efficiency, and climate resilience projects to determine the efficiency by which each dollar of invested capital reduces annual carbon dioxide equivalent emissions. This first-of-its-kind methodology promotes transparency in project finance by creating a simple and comparable metric for infrastructure projects to be evaluated in terms of how much the capital investment is mitigating climate change. The Company intends to allocate an amount equal to the net proceeds of CarbonCount Green Commercial Paper Notes to acquire or refinance, in whole or in part, Eligible Green Projects, which include Behind-the-Meter, Grid-Connected and Sustainable Infrastructure projects: Behind-the-Meter: distributed building or facility projects, which reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements including heating, ventilation and air conditioning systems, lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.
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ENOB | Hot Stocks07:06 EDT Enochian Biosciences completes FDA Pre-IND process for ENOB-HB-01 - Enochian BioSciences announced the completion of a Pre-Investigational New Drug process following receipt of written comments from the U.S. Food and Drug Administration Center for Biologics Evaluation and Research Office of Tissues and Advanced Therapies. Globally, there are approximately 350 million people living with chronic liver disease due to HBV, and nearly 1 million people die each year from chronic hepatitis B. ENOB-HB-01 is a novel approach to potentially eliminate HBV-infected liver cells with an innovative "Hijack RNA" strategy that co-opts the virus' machinery to induce the death of infected cells rather than reproducing and causing more infection and liver disease. Promising results from animal studies have been presented at scientific meetings by Enochian BioSciences Inventor and Co-Founder, Dr. Serhat Gumrukcu. "We considered the written response to be very useful and important, providing a clear path to pursuing what we hope will be a successful IND application in the medium-term," said Dr. Mark Dybul, CEO of Enochian BioSciences. "I want to thank the experts from FDA CBER OTAT for their detailed and helpful insights. We are particularly encouraged because Hijack RNA is a platform that we are developing for other infectious diseases. For example, an inhaled product to potentially treat or prevent any variant of SARS-CoV, including the cause of COVID-19, and any variant of influenza as well as a potential treatment or cure of HIV. The information provided in the FDA's written comments also help us to accelerate the development of those potential products."
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AVXL | Hot Stocks07:06 EDT Anavex announces uplisting to the NASDAQ Global Select Market - Anavex Life Sciences announced that effective as of market open today, September 27, 2021, its shares of common stock have been approved for uplisting to the NASDAQ Global Select Market and will continue trading under its current ticker symbol AVXL. Anavex was previously listed on the NASDAQ Capital Market. Anavex's shares will be transferred to the Global Select Market at the opening of business today, September 27, 2021, and will continue to be traded under the ticker AVXL.
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RBA | Hot Stocks07:06 EDT Ritchie Bros. to acquire SmartEquip for $175M - Ritchie Bros. Auctioneers and SmartEquip announced that they have entered into a definitive agreement under which Ritchie Bros. will acquire SmartEquip for approximately $175M. SmartEquip is a multi-manufacturer platform that provides customers with real-time service and diagnostic support, dynamically customized, via serial number, to each asset in their fleet, as well as enabling the electronic procurement of parts from OEMs and their dealers. The company supports approximately $1B in annual transaction volume with more than 600 OEM brands, on behalf of fleet locations across North America, Europe, and the Asia Pacific. SmartEquip has 60 employees and will continue to operate as a standalone business and maintain its physical presence in Norwalk, CT for the foreseeable future.
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RRD | Hot Stocks07:05 EDT Chatham Asset urges R.R. Donnelley to refresh directors, terminate poison pill - Chatham Asset Management, a private investment firm which manages funds that beneficially own approximately 14.9% of the outstanding common stock and which is the largest bondholder of R.R. Donnelley & Sons Company, sent a letter to RRD's Board of Directors following the Board's inaction and lack of engagement with Chatham despite the continued destruction of stockholder value at RRD. "Chatham believes that the following initiatives must be implemented to stabilize RRD's share price and drive future value creation: A clear strategic review process focused on the identification and sale of non-core assets; Increased operational efficiency through improved margins from cost reduction; Improved capital allocation; and Better alignment of executive compensation with performance.If the Board does not proactively respond to Chatham's suggestions, including by appointing a new Chairman and adding new directors, terminating the company's poison pill, and forming a strategic review and finance committee, Chatham will be left with no choice but to commence a proxy contest."
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CVGW | Hot Stocks07:05 EDT Calavo Growers names Graciela Montgomery Chief Human Resources Officer - Calavo Growers announced that Graciela Montgomery will join the company as its first Chief Human Resources Officer, effective October 11, 2021. In this role, Montgomery will oversee human resources, training, talent development and recruitment for Calavo, which has nearly 4,000 employees across the U.S. and in Mexico. Prior to joining Calavo, Montgomery led a consultancy specializing in the areas of leadership, organizational design, cultural transformation and change management.
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RKLB | Hot Stocks07:04 EDT Rocket Lab awarded $24.35M Space Force contract - Rocket Lab has been awarded a $24.35M contract with the U.S. Space Force's Space Systems Command, or SSC, for development of the Neutron launch vehicle's upper stage. The agreement signifies Rocket Lab's commitment to becoming a launch provider for the National Security Space Launch, or NSSL, program.
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ASH | Hot Stocks07:03 EDT Ashland provides updated outlook for FY21 results - Ashland Global Holdings provided an update for preliminary fiscal 2021 financial results. In general, economic recovery in the U.S. and other regions of the world is driving strong demand for most products in the company's Life Sciences, Personal Care and Household, Specialty Additives and Performance Adhesives end markets. However, continued challenges in shipping, logistics and packaging procurement are inhibiting the company's ability to meet strong overall customer demand. The impact of all these factors is expected to be reflected in the company's financial results during the fiscal-fourth quarter. Specifically, accounting for on-time freight and logistics unreliability over the past few months, Ashland now anticipates fiscal year Adjusted EBITDA could be up to $10M below the low-end of the previously communicated range of $570M-$590M. "We are encouraged by the improving demand in each of our segments," said Guillermo Novo, chairman and chief executive officer, Ashland. "As we reported early last quarter, supply-chain and logistics constraints and related costs continue to be an issue. I am pleased with the pricing and operating discipline demonstrated by our business teams to maintain margins in the face of continued challenges. While we are adjusting our outlook for earnings in the fiscal year due to these external factors, I continue to be pleased by the resilience of Ashland's businesses and our prospects for fiscal year 2022 and beyond."
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TELA OSUR | Hot Stocks07:02 EDT Tela Bio appoints Roberto Cuca as COO, CFO - TELA Bio (TELA) announced the appointment of Roberto Cuca as the Company's new COO and CFO. As COO and CFO, Roberto Cuca will lead the execution of the Company's business plan and manage the Company's finances. He will report directly to President and CEO, Antony Koblish. Most recently, Mr. Cuca served as Chief Financial Officer of OraSure Technologies (OSUR), a point-of-care testing and sample collection technologies company, where he led the finance and IT functions since joining in 2018. On September 27, 2021, in connection with Mr. Cuca's appointment as COO and CFO and in accordance with the terms of an employment agreement between Mr. Cuca and TELA, the Board of Directors granted Mr. Cuca an option to purchase 144,000 shares of TELA's common stock, with an exercise price equal to the closing price of TELA's common stock on the NASDAQ Global Market on September 27, 2021. The option was granted as an inducement material to his acceptance of employment in accordance with Nasdaq Listing Rule 5635(c)(4). The option vests 25% on the first anniversary of the grant date, with the remaining 75% vesting in 36 equal monthly installments thereafter. The vesting of the option is subject to Mr. Cuca's continued service with the Company.
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UK | Hot Stocks07:02 EDT Ucommune International to acquire 60% equity stake in Beijing Kuanneng - Ucommune International announced that its wholly owned subsidiary, Beijing Zerone Management & Consulting Company Ltd., an office space management services provider in China, entered into an agreement to acquire a 60% equity interest in Beijing Kuanneng Technology Co., Ltd. on September 1. Ucommune started to consolidate the financial statements of Beijing Kuanneng into its financial statements on the same day. Beijing Kuanneng owns and operates the Japanese culinary restaurant brand "Xiao Sushi," with a primary geographic concentration in the Beijing area. The "Xiao Sushi" brand has achieved substantial success since it was launched in 2014. With exquisite storefronts, fresh ingredients, and affordable pricing, "Xiao Sushi" has earned an excellent reputation as well as hundreds and thousands of loyal customers. Moreover, owing to its widespread popularity, "Xiao Sushi" has successfully expanded to establish 32 stores across China. "Xiao Sushi" generated revenues of approximately RMB22.1M in 2020 and has already generated revenues of approximately RMB22M in the first half of 2021.
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ASXC | Hot Stocks06:57 EDT Asensus Surgical: Senhance system purchased by Loginov MCSC - Asensus Surgical announced that Loginov Moscow Clinical Scientific Center, located in Moscow, Russia, has initiated its Senhance Robotic Surgery program following the purchase of a Senhance Surgical System. The installation represents the first Senhance Surgical System to be used within Russia.
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DG | Hot Stocks06:55 EDT Dollar General announces planned expansion into Idaho - Dollar General announced its planned expansion into Idaho, increasing the retailer's presence into its 47th state. Construction is underway on N. Old Highway 95 in Athol for the store, which is currently scheduled to open by spring 2022.
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JKS | Hot Stocks06:53 EDT JinkoSolar to invest $500M to build monocrystalline ingot, wafer facility - JinkoSolar announced that the company is investing $500M to build a monocrystalline ingot and wafer manufacturing facility in Quang Ninh Province, Vietnam. JinkoSolar has begun to work on the facility, which is expected to have an annual capacity of 7GW to support its existing overseas production facilities. JinkoSolar is committed to ensuring the long term stability of its global supply chain and reliable sales network. As the first PV project launched in the Quang Yen Coastal Economic Zone of Quang Ninh Province, the facility is fully aligned with local development goals for clean and environmentally friendly industries. The project received approval from the local government in early 2021 and is expected to be operational in the first quarter of 2022.
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TYME | Hot Stocks06:51 EDT Tyme Technologies says first patient dosed in Phase II OASIS trial - Tyme Technologies announced that the first patient has been dosed in the Phase II OASIS trial in patients with metastatic hormone receptor positive, human epidermal growth factor receptor 2 negative breast cancer who previously received a CDK4/6 inhibitor regimen being conducted by Georgetown University at several MedStar Health hospitals.
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PFE | Hot Stocks06:47 EDT Pfizer announces start of Phase 2/3 EPIC-PEP study - Pfizer announced the start of the Phase 2/3 EPIC-PEP study to evaluate the investigational novel oral antiviral candidate PF-07321332, co-administered with a low dose of ritonavir, for the prevention of COVID-19 infection. This Phase 2/3 trial is part of a global clinical research program and is enrolling individuals who are at least 18 years old and live in the same household as an individual with a confirmed symptomatic SARS-CoV-2 infection.
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MRK | Hot Stocks06:46 EDT Merck says Phase 3 KEYNOTE-394 trial met primary endpoint of OS - Merck announced that the Phase 3 KEYNOTE-394 trial investigating KEYTRUDA, Merck's anti-PD-1 therapy, in Asian patients with advanced hepatocellular carcinoma previously treated with sorafenib met its primary endpoint of overall survival. The study found that treatment with KEYTRUDA plus best supportive care resulted in a statistically significant improvement in OS compared with placebo plus best supportive care. KEYNOTE-394 also met its key secondary endpoints of progression-free survival and objective response rate, with statistically significant improvements for KEYTRUDA compared with placebo. No new safety signals were observed. These results will be presented at an upcoming medical meeting.
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BBIG | Hot Stocks06:44 EDT Vinco Ventures up 17% in pre-market trading at $7.42 per share - Shares of Vinco Ventures are up about 17% at $7.42 in pre-market trading. The stock is the highest trending ticker on StockTwits and is also in the top-10 on WallStreetBets Reddit thread in terms of message volume over the past 24 hours.
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ASPU | Hot Stocks06:40 EDT Aspen Group director Douglas Kass buys 32K share of common stock - In a regulatory filing, Aspen Group disclosed that board member Douglas Kass bought 32K shares of common stock on September 22nd in a total transaction size of $172K, boosting his stake by about 62%. Shares of Aspen Group are up 11.4% at $5.67 per share in early pre-market trading.
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PTON | Hot Stocks06:33 EDT Cathie Wood's ARK Investment bought about 68K shares of Peloton on Friday
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NVTA | Hot Stocks06:33 EDT Cathie Wood's ARK Investment bought about 805K shares of Invitae on Friday
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SYBX RLMD | Hot Stocks06:32 EDT Synlogic appoints Molly Harper as chief business officer - Synlogic (SYBX) announced the appointment of Molly Harper as chief business officer. Harper will provide strategic leadership to the commercial, corporate development and business development functions, and lead the planning and commercialization of Synlogic's pipeline. Harper joins Synlogic from Relmada Therapeutics (RLMD), where she served as executive VP of operations.
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BW | Hot Stocks06:31 EDT Babcock & Wilcox unit awarded $35M contract - Babcock & Wilcox announced that its B&W Renewable segment has been awarded a contract for more than $35M by Greenland's national waste management company, ESANI A/S, to supply and install advanced combustion, emissions control and related equipment for its new municipal waste-to-energy facilities. The facilities, to be built in the cities of Nuuk and Sisimiut, will provide district heating for residents and businesses while also eliminating methane - a greenhouse gas created by waste as it decomposes in landfills. In addition to using municipal waste, the facilities also will process waste recovered from existing landfills, reducing future methane emissions from those landfills. B&W Renewable's technology will provide the ability to process all of Greenland's municipal waste.
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GTH | Hot Stocks06:11 EDT Genetron, IMPACT Therapeutics announce partnership - Genetron announced a partnership with IMPACT Therapeutics, a biopharmaceutical company dedicated to the discovery and development of targeted anti-cancer therapeutics. The two parties will cooperate together on research and development for synthetic lethal inhibitors that are based on new targets, and the development of companion diagnostic products.
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ASLN | Hot Stocks06:10 EDT Aslan Pharmaceuticals reports 'positive' results from Phase 1 study of ASLAN004 - ASLAN Pharmaceuticals announced positive topline data from its randomized, double-blind, placebo-controlled, 8-week, multiple-ascending-dose Phase 1 study of ASLAN004 for the treatment of moderate-to-severe atopic dermatitis. ASLAN004, a potential first-in-class monoclonal antibody that targets the IL-13 receptor, was shown to be well tolerated across all doses. Data from the study conclusively establishes proof of concept, and supports the potential of ASLAN004 as a differentiated, novel treatment for AD. In March 2021, ASLAN announced interim data from three dose escalation cohorts, then continued to enroll and treat an additional 27 patients in an expansion cohort at the highest dose (600mg). The results announced today compare results from all patients receiving 600mg to all receiving placebo. The Intent to Treat population comprised patients from 10 sites and represented all patients dosed excluding one patient that discontinued from the study prematurely due to COVID-19 restrictions. ASLAN004 achieved a statistically significant improvement versus placebo in the primary efficacy endpoint of percent change from baseline in the Eczema Area Severity Index, and also showed significant improvements in other key efficacy endpoints: EASI-50, EASI-75, peak pruritus and the Patient-Oriented Eczema Measure.
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AZN | Hot Stocks06:09 EDT AstraZeneca to present data on COVID and RSV during IDWeek Virtual Conference - The company states: "AstraZeneca will present data across its COVID-19 and respiratory syncytial virus, or RSV, pipeline at the 10th Annual IDWeek Virtual Conference, 29 September to 3 October 2021, illustrating its commitment to advancing innovative science in infectious diseases. Data featuring AstraZeneca's investigational long-acting antibody programmes - AZD7442 for COVID-19 and nirsevimab for RSV - as well as its COVID-19 vaccine Vaxzevria, will be presented as three late-breaking oral presentations. High-level efficacy and safety data from the PROVENT Phase III trial investigating AZD7442 for prevention of COVID-19 will be presented for the first time following the initial announcement in August. The data showed that AZD7442 compared to placebo achieved a statistically significant reduction in the risk of developing symptomatic COVID-19 prior to virus exposure. More than 75% of participants in the trial had co-morbidities, which includes those with a reduced immune response to vaccination.1 In PROVENT, the LAAB was well tolerated and preliminary analyses show adverse events were balanced between the placebo and AZD7442 groups. The MELODY Phase III trial data for nirsevimab, an investigational long-acting antibody being developed by AstraZeneca and Sanofi, will demonstrate the potential of nirsevimab to help protect all infants entering their first RSV season with a single dose."Reference Link
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PYR | Hot Stocks06:07 EDT PyroGenesis names Andre Mainella as CFO, succeeding Ben Simo - PyroGenesis Canada is pleased to announce today the appointment of Andre Mainella, as CFO of the company. Mainella will replace Ben Simo, who no longer works for the company. Mainella has more than 20 years of experience in senior financial positions in various industries including mining, manufacturing and distribution. As senior audit manager at Raymond Chabot Grant Thornton for several years, he has worked on a varied list of audit and non-audit mandates for private and publicly traded companies.
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PSNY GGPI | Hot Stocks06:05 EDT Polestar to go public via merger with Gores Guggenheim - Polestar Performance AB (PSNY) and its affiliates and Gores Guggenheim (GGPI) announced that they have entered into a definitive business combination agreement. Upon closing of the proposed business combination, the combined company will be held by a new public company that will be named Polestar Automotive Holding UK Limited, which is expected to be listed on Nasdaq under the ticker symbol "PSNY". The transaction implies an enterprise value of approximately $20B. The transaction implies an enterprise value of approximately $20B for the combined company, representing approximately 3.0x 2023E revenue and 1.5x 2024E revenue. Current Polestar equity holders will retain approximately 94% ownership in Polestar and roll 100% of their equity interests into the pro forma company. Concurrently with the consummation of the proposed business combination, investors have committed to purchase $250M of securities of the combined company. The $250M PIPE investment is anchored by top-tier institutional investors. Assuming no share redemptions by the public stockholders of Gores Guggenheim, approximately $800M in cash currently held in Gores Guggenheim's trust account, together with the approximately $250M in PIPE investment proceeds is expected to be used to help fund significant investment in new models and the expansion of operations and markets. The proposed business combination, which has been unanimously approved by both the Board of Directors of Gores Guggenheim and the Board of Directors of Polestar, is expected to close in the first half of 2022, subject to approval by Gores Guggenheim's stockholders and other customary closing conditions.
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SNDX INCY | Hot Stocks06:03 EDT Syndax, Incyte enter collaboration and license agreement for axatilimab - Syndax (SNDX) and Incyte (INCY) announced that they have entered into an exclusive worldwide collaboration and license agreement to develop and commercialize axatilimab, Syndax's anti-CSF-1R monoclonal antibody. Under the terms of the agreement, Incyte will lead global commercial activities for axatilimab across all indications. The companies will participate in a 50/50 profit share in the U.S., and Syndax will receive double-digit royalties on sales outside of the U.S. Syndax will retain the option to co-promote axatilimab for any approved indications in the U.S. In connection with the agreement, Syndax will receive an upfront payment of $117M plus a $35M equity investment, which will be purchased at $24.62 per share, a 30% premium to the volume weighted average price over the 10 days prior to September 24, 2021. Syndax will also be eligible to receive up to an additional $450M in potential regulatory, development and commercial milestone payments. The companies will share development costs associated with global and U.S.-specific trials for all agreed upon trials at a rate of 55% for Incyte and 45% for Syndax, with Incyte responsible for 100% of future development costs for trials that are specific to ex-U.S. countries. Syndax will fund the initial development of axatilimab in IPF and Incyte will have the option to co-fund late-stage development for this indication. The agreement between Syndax and Incyte, including the upfront payment and equity investment, is subject to clearance by the U.S. antitrust authorities under the Hart-Scott-Rodino Act and will become effective as soon as these conditions have been met.
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GGPI | Hot Stocks06:01 EDT Polestar to go public via merger with Gores Guggenheim
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MNSO | Hot Stocks05:38 EDT Miniso acquires remaining stake in JV for headquarters building for RMB 700.4M - Miniso announced that it has entered into a definitive agreement with YGF MC, a company jointly controlled by the company's controlling shareholders, Guofu Ye and Yunyun Yang, to acquire the remaining 80% equity stake in YGF Investment, a joint venture between YGF MC and the company to establish Miniso's new headquarters building. After closing of the proposed purchase, the company will hold 100% equity interests in YGF Investment and will start to consolidate the financial results of YGF Investment into the company's financial statements. The transaction has been approved by the audit committee and the board of directors of the Company. The total consideration of this transaction is estimated to be approximately RMB 700.4M, representing the lower of the actual investment amount by YGF MC as of August 31 and the appraisal value of the equity interests confirmed by a third-party valuation firm, deducted by the estimated accumulative loss of YGF Investment that YGF MC should bear up to the closing of this transaction. Closing of the transaction is subject to customary closing conditions and is estimated to take place in the second quarter of the company's 2022 fiscal year. In January, YGF Investment's PRC subsidiary acquired land use right of a parcel of land in Guangzhou for approximately RMB 1.78B, which shall be paid by two equal installments. As of the date of this press release, the first installment has been paid. This parcel of land is located in the Pazhou Internet Innovation Zone, which is at the center of Guangzhou's future CBD area where many large new-economy companies in China have chosen to place their headquarters or regional headquarters. The total investment for the headquarters building project, including the consideration for acquisition of land use right, is estimated to be approximately RMB 2.89B. The company currently intends to support the subsequent capital expenditures of the project with its cash surplus, future cash flows from operating activities and potential bank financing. This new headquarters building, with about 104 thousand square meters in gross floor area, is estimated to be completed by 2025. This investment positions the company well for its future developments in terms of securing office space to accommodate future business expansion, saving long-term operating expenses and providing benefits in potential property appreciation.
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ROKU | Hot Stocks05:35 EDT Roku announces streaming player line-up for Germany - Roku introduced its streaming player line-up for Germany, including the Roku Express, Roku Express 4K, Roku Streaming Stick 4K and Roku Streambar. Roku streaming players offer German consumers a way to stream entertainment to their TV. At launch, German consumers will be able to enjoy a wide variety of global and local entertainment. Roku streaming players are powered by the Roku operating system, offering consumers a customizable home screen, universal search across top channels and advanced features such as voice assistant compatibility and Airplay 2.
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IBM | Hot Stocks05:33 EDT IBM to automate 22 wheat silos across Egypt - IBM, in collaboration with business partner ACME SAICO, announced the automation of 22 wheat silos across Egypt by the end of this year using IBM AI-powered automation software. This supports the Ministry of Supply and Internal Trade's plans to digitize the wheat supply chain and implement governance systems on the country's strategic stock. The Ministry of Supply and Internal Trade is a ministry focused on achieving food security for Egypt. In line with the national plan for digital transformation, the Ministry of Supply and Internal Trade represented by the Egyptian Holding Company for Silos and Storage, or EHCSS, selected IBM and ACME SAICO to create a platform powered by IBM's AI-powered automation software in a hybrid cloud environment. Using IBM Cloud Pak for Business Automation and IBM Cloud Pak for Integration, the new solution will allow full automation and governance of all the steps of shipping, transport, storage, and supply of the wheat silos. Through this advanced technology, the automated platform is engineered to collect data from different sensors that are embedded in the silos. These sensors will send near real-time quantitative analytics of the wheat supply and stock status to the main platform at the Ministry of Supply. Thus, the EHCSS will be able to monitor and store all information related to the incoming shipments to maintain quality standards, report accurate views of the stock in silos, as well as address leakage in wheat silos extensively. The system also designed to help to better manage the communication and coordination between different storage points, and mills. As part of the sustainable development strategy of Egypt's vision for 2030, the government is planning to automate 400 silos adding them to the wheat supply chain monitoring system.
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EVLO | Hot Stocks05:29 EDT Evelo Biosciences announces data from EDP1815 study - Evelo Biosciences announced data from its Phase 2 study evaluating EDP1815 versus placebo for the treatment of mild and moderate psoriasis. A statistically significant reduction in the Psoriasis Area and Severity Index, or PASI, score, as measured by the proportion of patients achieving at least 50% improvement in PASI from baseline at the week 16 timepoint, was observed in the study. EDP1815 is an investigational oral biologic currently in development for the treatment of a broad range of inflammatory diseases, including clinical programs in psoriasis, atopic dermatitis, and COVID-19. In the Phase 2 study, the PASI scores were assessed by both mean changes from baseline and responder rates. The primary endpoint was the mean percentage change in PASI between treatment and placebo and was prespecified as a Bayesian analysis. The Bayesian approach provides an estimate of the probability that EDP1815 is superior to placebo. The 16-week primary endpoint gave probabilities that EDP1815 is superior to placebo ranging from 80% to 90% across the prespecified analyses and cohorts. The responder endpoint reports the proportion of patients who had a meaningful clinical response, which is defined as PASI-50 or greater. 25% to 32% of patients across the three cohorts who were treated with EDP1815 achieved a PASI-50 at week 16 compared to 12% on placebo. In cohorts 1 and 2 this difference in response rate was statistically significant. Cohort 3 was directionally similar. The pooled PASI-50 response across all three EDP1815 cohorts, an exploratory analysis, was 29% vs.12% for placebo and was also statistically significant with a p-value of 0.027. An increase in the number of capsules of EDP1815 did not lead to a dose response. Additionally, several patients on EDP1815 achieved a PASI-75 or better, which was sustained or improved post treatment. For individuals who had a PASI-50 response or better, consistent effects in secondary and exploratory endpoints, including improvements in patient reported outcomes such as Dermatology Life Quality Index and Psoriasis Symptom Inventory, were observed. EDP1815 was observed to be well tolerated in the Phase 2 study. The safety data were comparable to placebo and consistent with what was previously reported in a Phase 1b study. Adverse events, or AEs, classified as "gastrointestinal" were comparable between active and placebo groups, with no meaningful differences in rates of diarrhea, abdominal pain, nausea, or vomiting. There were no related serious adverse events.
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MKL | Hot Stocks05:26 EDT Markel, MCIM announce buy-out transaction for return of NAV in two funds - Markel and Markel CATCo, or MCIM, announced the terms of a buy-out transaction that provides for an accelerated return of substantially all the net asset value, or NAV, in Markel CATCo Reinsurance Fund and CATCo Reinsurance Opportunities Fund to investors in the funds. The funds, which are insurance-linked securities funds managed by Bermuda based MCIM, have been in runoff since June 2019. Affiliates of Markel will be providing funding of up to approximately $150M to facilitate the buy-out transaction of the retrocessional segregated accounts of the funds. In addition, an affiliate of Markel will be providing tail risk cover that will allow for the return of approximately $100M of trapped collateral to investors in the Private Fund's separately structured reinsurance offering, known as the Aquilo Fund segregated account. Under the buy-out transaction, investors in the funds will retain the right to receive any outstanding NAV plus any upside at the end of the applicable run-off period if currently held reserves exceed the amounts necessary to pay ultimate claims. The affiliates of Markel financing the buy-out transaction expect to receive a return of all their funding by the end of the run-off periods. MCIM is extending an opportunity to all investors in the funds to provide a support undertaking with respect to the buy-out transaction on or before October 22 in order to become eligible to receive at closing a fee equal to one percent of the investor's proportional entitlement to the current NAV as at closing. The boards of directors of each of the Private Fund and Public Fund have unanimously determined that the buy-out transaction is in the best interests of each of their respective funds and recommend that their investors return support undertakings by the Early Consent Deadline. Assuming satisfactory investor support for the buy-out transaction is received by the Early Consent Deadline, each of the funds will propose to their respective investors schemes of arrangement under Bermuda law. Pursuant to the schemes and the buy-out transaction, all investors, the CATCo group companies, Markel and each of their related parties, among others, will grant customary mutual releases of all claims related to the buy-out transaction, the CATCo group companies' businesses and the investors' investment in the funds.To support and facilitate the implementation of the buy-out transaction through the schemes, the CATCo group companies have resolved to and will file applications with the Supreme Court of Bermuda for the appointment of Simon Appell of AlixPartners UK and John McKenna of Finance & Risk Services as joint provisional liquidators with limited powers for restructuring purposes only. The buy-out transaction has been prompted as a result of threatened and asserted claims by two small investors that, although the funds believe these claims to be meritless, have disrupted the continued timely and orderly return of additional capital to investors and is being offered to prevent the potential for inequitable treatment of some investors at the expense of all other investors. The appointment of the JPLs will enable the implementation of the buy-out transaction and the approval of the Schemes to best ensure the fair, equitable and accelerated distribution of assets to all investors in the funds.
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MDT | Hot Stocks05:19 EDT Medtronic announces first Asia-Pacific procedure with Hugo RAS system - Medtronic and Apollo Hospitals Group announced the first clinical procedure in Asia-Pacific with the Hugo robotic-assisted surgery, or RAS, system. The robotic prostatectomy was performed on September 17 at Apollo Hospitals, Greams Road, Chennai, India.
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IDCC | Hot Stocks05:16 EDT InterDigital appoints Rob Stien chief communications and public policy officer - InterDigital announced a new senior executive promotion within its newly combined government affairs, marketing and communications team. Rob Stien has been appointed as the head of the new group as InterDigital's EVP, chief communications and public policy officer. Stien joined InterDigital in 2014.
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AGMH | Hot Stocks05:14 EDT AGM Group Holdings, HighSharp enter strategic partnership and potential JV - AGM Group Holdings and HighSharp announced that they have entered into a definitive agreement for a strategic partnership that is expected to accelerate growths for both companies in the global cryptocurrency markets. This partnership combines AGMH's software and technical services capabilities, and HighSharp's expertise as ASIC chip designer and manufacter, in order to expand blockchain-oriented ASIC chip research and development, as well as to extend the full services of crypto mining equipment manufacturing and sales. For the six months period until March 25 2022, HighSharp will provide ASIC chip technology and manufacturing services to AGMH. in return, AGMH will be solely responsible for client development on a global basis, with a target to generate orders in a total amount of $100m during the six-month term. If the partners achieve their respective targets, AGMH and HighSharp plan to form a Joint Venture, or JV, joined by HighSharp's R&D team members, with the goal to integrate next generation product research and development into fabless integrated circuit design capabilities that provides advanced semiconductor solutions for supercomputing hardware. AGMH will own 60% equity in the joint venture.
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ALPMY SGEN | Hot Stocks05:09 EDT Astellas Pharma, Seagen receive approval for Padcev in Japan - Astellas Pharma (ALPMY) and Seagen (SGEN) announced that Japan's Ministry of Health, Labour and Welfare, or MHLW, has approved Padcev for radically unresectable urothelial carcinoma that has progressed after anti-cancer chemotherapy. The new drug application received priority review. Radically unresectable urothelial carcinoma is urothelial cancer that cannot be treated by surgical removal of the urinary bladder or the kidney and the ureter due to tumor growth.
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ZLPSF | Hot Stocks04:49 EDT Zooplus announces EUR 470 per share offer price from EQT - Zooplus announced a voluntary public takeover offer by EQT at an offer price of EUR 470 per Zooplus share in cash. This represents an EUR 10 increase compared to the voluntary public takeover offer published by Hellman & Friedman on September 14, and a 69% premium to the unaffected share price of Zooplus as of August 12. The offer will be subject to a minimum acceptance threshold of 50% plus one share and customary closing conditions including merger control. EQT does not intend to enter into a domination and / or profit and loss transfer agreement with Zooplus.
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